Wall Street Braces for Extended Pullback as Futures Slide on Tariff and Fed Jitters

U.S. stock futures pointed to a deeper pullback Tuesday, with the S&P 500, Dow Jones, and Nasdaq-100 futures down 0.7% to 1.1%, as investors remain wary ahead of the Federal Reserve’s policy meeting and escalating tariff tensions. President Trump’s renewed push for pharmaceutical tariffs and uncertainty over global trade deals have rattled markets, ending the S&P 500’s nine-day winning streak-the longest since 2004. Major tech stocks, which fueled the recent rally, led premarket declines, while companies like Ford and Mattel withdrew forecasts due to tariff-related uncertainty. Investors are now focused on Fed Chair Jerome Powell’s comments Wednesday for clues on interest rates and the economic outlook. Meanwhile, gold and oil prices are rebounding as safe-haven demand rises.

 

Source: Reuters, Investopedia, CNBC TV18