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U.S. stock futures are plunging as investors review the latest comments from President Donald Trump on tariffs, with more import taxes expected to be announced this Wednesday; Goldman Sachs sees tariffs boosting inflation and slowing economic growth; cryptocurrency-tied stocks Strategy (MSTR), Coinbase (COIN), MARA Holdings (MARA), and Riot Platforms (RIOT) are falling in premarket trading along with the price of bitcoin; and Nvidia (NVDA)-backed CoreWeave (CRWV) stock is declining after a flat debut Friday. Here’s the latest information for investors.
- 1. US Stock Futures Point Sharply lower as Investors Await Tariff News
- 2. Trump Considers Higher Tariffs on Autos
- 3. Goldman Sachs sees tariffs as a cause of higher inflation and slower economic growth
- 4. Cryptocurrency Stocks Drop as Bitcoin Moves Down
- 5. Nvidia’s CoreWeave Stock Falls after Flat Debut
1. US Stock Futures Point Sharply lower as Investors Await Tariff News
U.S. stock prices are in a freefall as investors get ready for President Donald Trump to announce tariffs on Tuesday. Nasdaq futures are 1.6% lower and S&P 500 futures are down 1.1% after the indexes closed in negative territory Friday for the fifth time in the past six weeks. Dow Jones Industrial Average Futures are also down 0.7% after a decline last week. Gold futures have jumped to around $3,150 for an ounce. Oil futures continue to rise. The yields of the 10-year Treasury Note are falling below 4,2%.
2. Trump Considers Higher Tariffs on Autos
Investors are awaiting updates on tariffs after reports that the Trump administration could expand proposals to include a 20% across-the-board import tax on all U.S. trading partners, according to The Wall Street Journal . The report comes ahead of Wednesday’s expected announcement on “reciprocal” tariffs in response to import taxes on U.S.-made goods. Trump told NBC News over the weekend that he “couldn’t care less” if proposed automobile tariffs raise prices, arguing it would help promote U.S. car manufacturing. Shares of “Big Three” automakers Ford (F), General Motors (GM), and Stellantis (STLA), as well as Tesla (TSLA), are lower in premarket trading.
3. Goldman Sachs sees tariffs as a cause of higher inflation and slower economic growth
Goldman Sachs economists raised their forecast for Federal Reserve interest-rate cuts to three this year and increased their probability of a U.S. recession to 35% from 20%, as President Trump’s tariffs put pressure on economic growth. Goldman now sees “core” inflation rising at an annual rate of 3.5% to end 2025, GDP growth slipping to 1%, and U.S. unemployment increasing to 4.5%. “We continue believing the risk of April 2 tariffs is higher than many market participants previously assumed,” they wrote.
4. Cryptocurrency Stocks Drop as Bitcoin Moves Down
Shares of cryptocurrency-related stocks are falling in premarket trading as the price of bitcoin (BTCUSD) trades below $84,000. Bitcoin buyer Strategy (MSTR) stock is down 4% after sinking 10% Friday. After a sharp drop on Friday, shares of bitcoin mining companies MARA Holdings and Riot Platforms are also down.
5. Nvidia’s CoreWeave Stock Falls after Flat Debut
CoreWeave’s (CRWV), a cloud computing company, has seen its shares fall by more than 4% in premarket trade after they ended their first trading day at the same price as their IPO of $40 per share. The company’s IPO was priced below the expected range between $47 and $55 per share. CoreWeave has the backing of artificial intelligence (AI), chipmaker Nvidia. Its shares are also down by more than 4% early in trading.
