U.S. stock futures plunged following the tariff announcements, with the Nasdaq down nearly 4%, and the S&P 500 and Dow Jones futures falling around 3.3% and 2.7%, respectively. Companies reliant on international supply chains, such as Apple and Nike, experienced significant premarket sell-offs.
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The Dow Jones Industrial Average and other major stock indexes had mixed performances on Wednesday after a cooler-than-expected inflation report helped momentarily ease concerns over President Donald Trump's tariff threats.
The CPI inflation report for February showed a monthly increase of 0.2% and a yearly increase of 2.8%, both lower than expected. This news caused the Dow to fall by 0.1%, the S&P 500 to rise by 0.8%, and the Nasdaq composite to rally by 1.6%. Nvidia and Tesla stocks showed significant rebounds, with Nvidia adding 6% and Tesla 8% in morning trading.
Crofam Crypto Alets U.S. Stock Markets React to February CPI Inflation Report
