U.S. stock futures fell and oil prices rose Sunday after the U.S. imposed broad tariffs on major trading partners, rattling Wall Street’s economic outlook. Nasdaq futures led declines, dropping over 2%, while the S&P 500 and Dow futures fell more than 1%. The economic impact of trade disputes remains uncertain due to unclear retaliation measures and their effects on export producers. The U.S. dollar strengthened on Sunday, putting pressure on companies reliant on foreign sales. Trump’s shift from free trade and promised tax cuts have fueled inflation concerns, driving bond yields higher and intensifying fears of economic ripple effects from trade disputes.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. stock futures fell on oil prices rose Sunday after the U.S. imposed broad tariffs
00:06on major trading partners, rattling Wall Street's economic outlook.
00:10NASDAQ futures led to climbs dropping over 2 percent,
00:14while the S&P 500 and Dow futures fell more than 1 percent.
00:17The economic impact of trade disputes remains uncertain due to unclear retaliation measures
00:22and their effects on export producers.
00:25The U.S. dollar strengthened on Sunday, putting pressure on companies relying on foreign sales.
00:29Trump's shift from free trade and promised tax cuts have fueled inflation concerns,
00:34driving bond yields higher and intensifying fears
00:38of economic ripple effects from trade disputes.