financetom
World
financetom
/
World
/
Futures drop as markets assess Trump's tariff threats; Walmart slides
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Futures drop as markets assess Trump's tariff threats; Walmart slides
Feb 20, 2025 5:28 AM

(Reuters) -U.S. stock index futures dipped on Thursday as investors avoided risky bets after another bout of tariff threats from President Donald Trump, while heavyweight retailer Walmart plunged on downbeat fiscal 2026 sales forecast.

Walmart slid 8.3% in premarket trading after the world's largest retailer forecast sales for the fiscal year ending January 2026 below estimates, as it anticipates inflation-weary consumers to pull back after several quarters of solid growth.

It dragged down other major retailers such as Target, Costco Wholesale and Dollar General, which fell between 1.7% and 2.8%.

Trump said on Wednesday he will announce fresh tariffs over the next month or sooner, adding lumber and forest products to previously announced plans involving duties on imported cars, semiconductors and pharmaceuticals.

Since returning to office four weeks ago, Trump has imposed an additional 10% tariff on all imports from China. He also announced, and then delayed for a month 25% tariffs on goods from Mexico and non-energy imports from Canada.

Last week, he unveiled plans to slap reciprocal tariffs on all countries that have tariffs on U.S. goods.

Traditional safe-haven assets gold and the Japanese yen trended higher, while Treasury yields - which move inversely to bond prices - edged lower.

Separately, minutes from the U.S. Federal Reserve's January policy meeting showed on Wednesday that Trump's initial policy proposals raised inflationary concerns at the central bank.

Policymakers agreed they should hold interest rates steady until it was clear that inflation, largely stalled since the middle of 2024, would dependably fall to the central bank's 2% target.

The S&P 500 crawled to a record closing high for the second time this week on Wednesday, as markets took stock of the Fed's meeting minutes and Trump's directives.

"Trump continues to announce new policy plans on many fronts, but broader financial market moves in response to such plans have not been huge lately," analysts at Nordea wrote in a note.

"Given all the uncertainties involved, it is too early to draw definite conclusions on the outcomes."

A weekly jobless claims reading and comments from at least four Fed officials, including Chicago Fed President Austan Goolsbee, are due later in the day.

At 07:26 a.m. ET, Dow E-minis were down 136 points, or 0.3%, S&P 500 E-minis were down 19.25 points, or 0.31%, and Nasdaq 100 E-minis were down 63.5 points, or 0.29%.

Palantir Technologies, which provides governments with services such as software that visualizes army positions, fell 4.5% after the Pentagon said on Wednesday it was looking at potential budget cuts for the fiscal year 2026.

U.S.-listed shares of Alibaba Group advanced 9.8% after the Chinese e-commerce firm topped expectations for third-quarter revenue.

Hasbro advanced 2.3% after the toymaker beat quarterly profit and revenue estimates.

(Reporting by Shashwat Chauhan and Sukriti Gupta in Bengaluru; Editing by Maju Samuel and Shinjini Ganguli)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trade Uncertainty Undermines Asian Stock Markets
Trade Uncertainty Undermines Asian Stock Markets
Jun 12, 2025
06:41 AM EDT, 06/12/2025 (MT Newswires) -- Asian stock markets tracked lower Thursday, after US President Donald Trump made cryptic comments regarding tariffs on Wednesday, the levels of which he said would be revealed in two weeks. Hong Kong, Shanghai and Tokyo finished in red, as did most other regional exchanges. In Japan, the Nikkei 225 opened lower and could...
Morning Bid: Oil pops, dollar drops
Morning Bid: Oil pops, dollar drops
Jun 12, 2025
LONDON (Reuters) -What matters in U.S. and global markets today I'm excited to announce that I'm now part of Reuters Open Interest (ROI), an essential new source for data-driven, expert commentary on market and economic trends. You can find ROI on the Reuters website, and you can follow us on LinkedIn and X.  Intro Not for the first time this year, markets are...
CANADA STOCKS-TSX futures fall as Middle East tensions weigh on sentiment
CANADA STOCKS-TSX futures fall as Middle East tensions weigh on sentiment
Jun 12, 2025
June 12 (Reuters) - Futures linked to Canada's main stock index fell on Thursday as optimism over tame U.S. inflation figures waned, while escalating tensions in the Middle East prompted investors to adopt a more cautious stance. June futures on the S&P/TSX index were down 0.3% at 05:30 a.m. ET (09:30 GMT). The Toronto Stock Exchange's S&P/TSX composite index had...
PRECIOUS-Middle East tensions, tariff jitters push gold to one-week high
PRECIOUS-Middle East tensions, tariff jitters push gold to one-week high
Jun 12, 2025
* US producer price index data due at 1230 GMT * Dollar hit more-than-three-year low * US to pull some Middle East personnel as Iran tensions rise (Updates prices for EMEA session) By Anushree Mukherjee June 12 (Reuters) - Gold prices rose 1% to a one-week high on Thursday as tensions in the Middle East and trade uncertainties fuelled demand...
Copyright 2023-2025 - www.financetom.com All Rights Reserved