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2025.04.0323:59:49UTC+00US Futures Stabilize After Tariff-Driven Selloff

US stock futures stabilized on Friday following a significant downturn on Wall Street, marking the sharpest single-day declines since 2020. This downturn was triggered by an announcement from President Donald Trump regarding new tariffs. On Thursday, the Dow Jones Industrial Average fell by 3.98%, the S&P 500 decreased by 4.84%, and the Nasdaq experienced a 5.97% drop after Trump revealed plans to impose a 10% blanket tariff on all imported goods, with the potential for even higher tariffs targeting key trading partners. This announcement sparked fears of global trade retaliation, potentially jeopardizing trade stability and economic growth. Despite initial concerns, Trump later expressed a willingness to engage in trade negotiations, contradicting previous statements from his aides. Major technology firms led the sell-off, with notable declines observed in Tesla (-5.5%), Nvidia (-7.8%), Apple (-9.3%), Meta (-9%), and Amazon (-9%). Investors are now turning their attention to the monthly jobs report due on Friday, seeking new insights into the Federal Reserve's future monetary policy decisions.

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