Major United States stock futures traded higher on Tuesday evening (Wednesday AEDT) as Wall Street awaited the expected rollout of President Donald Trump’s tariffs.
By 9:30 am AEDT (10:30 pm GMT) Dow Jones Industrial Average futures added 0.2%, while futures tied to the S&P 500 and Nasdaq-100 gained 0.3% apiece.
The upcoming tariffs, which the White House described as “reciprocal” and applicable to “all countries”, are expected to be implemented immediately upon announcement.
According to a report from The Washington Post, citing sources familiar with the discussions, the administration is considering a 20% levy on most imports, though advisors have cautioned that multiple options remain under consideration.
During Tuesday’s trading session, the S&P 500 closed 0.4% higher, while the Nasdaq Composite gained 0.9%. The Dow Jones Industrial Average ended 0.03% lower.
Beyond the tariff developments, traders are also watching the Automatic Data Processing's (ADP) employment report for March. Economists anticipate that private-sector employers added 105,000 jobs last month, up from 77,000 in February.
