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China's Retaliatory Tariffs Stifle US Equity Futures Pre-Bell
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China's Retaliatory Tariffs Stifle US Equity Futures Pre-Bell
Feb 4, 2025 5:25 AM

07:56 AM EST, 02/04/2025 (MT Newswires) -- US equity futures were little changed pre-bell Tuesday as traders assessed the potential impact of China's retaliatory tariffs on US goods.

Dow Jones Industrial Average futures slipped 0.2%, S&P 500 futures flatlined, and Nasdaq futures were up 0.2%.

On Tuesday, China unveiled tariffs of up to 15% on imports of US coal and liquefied natural gas, as well as 10% duties on crude oil, farm equipment, and certain vehicles in response to fresh US tariffs on Chinese goods.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.3% at $74.92 per barrel and US West Texas Intermediate crude 2.2% lower at $71.56 per barrel.

US factory orders, scheduled for release at 10 am ET, are expected to have dropped by 0.7% in December following a 0.4% decline previously, according to estimates compiled by Bloomberg. Meanwhile, the Labor Department's Job Openings and Labor Turnover Survey is expected to show a decline in job openings to 8 million in December from 8.098 million in November.

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