Stock Futures Drop as Tariff Fears Increase. Focus Turns to the Fed.

Stock Futures Dive arsenic Tariff Fears Increase. Focus Turns to the Fed.

U.S. stocks looked acceptable to driblet again connected Tuesday, arsenic investors saw a looming Federal Reserve gathering and caller tariff uncertainty arsenic a crushed to dump equities pursuing a caller blistery streak.

Futures tracking the Dow Jones Industrial Average dropped 245 points, oregon 0.6%. S&P 500 futures fell 0.6%, the time aft the blue-chip scale snapped its longest winning streak since 2004. Contracts tied to the tech-heavy Nasdaq 100 fell 0.9%.

President Donald Trump pledged to impose tariffs connected foreign-made films connected Monday, reigniting fears astir the interaction his commercialized policies could person connected the market. Ford said aft the closing doorbell that it was shelving its guidance, and warned that Trump’s levies connected autos could dent its nett for the twelvemonth by $1.5 billion.