
Stock futures moved higher on Tuesday evening as Wall Street braces for the expected rollout of President Donald Trump's tariffs on Wednesday. rose 0.2%, while advanced 0.
3%. also gained 83 points, or 0.2% The moves come ahead of the implementation of a raft of Trump's "reciprocal tariffs" that will " .
" The White House revealed Tuesday that the tariffs " ." According to The Washington Post, which cited three sources familiar with the matter, the Trump administration is also considering on most imports coming into the country. However, the report said that advisors cautioned that several options are still on the table.
During Tuesday's session, the finished about 0.4% higher, seesawing between gains and losses throughout the chaotic trading day. The also finished roughly 0.
9% higher, while the closed marginally lower. Stocks have come under pressure as uncertainty around Trump's tariffs has spurred recent market volatility, with the broad market index down five out of the past six weeks. However, some investors think the sell-off is overdone.
"I think we're overpriced to the downside here," Jeff Kilburg, founder and CEO at KKM Financial, said on CNBC's " " Tuesday. "I think the market has the ability to have a little bit of a 2% to 4% rally to really reprieve everyone's anxiety." In addition to the tariffs, traders are looking ahead to the ADP employment report for March, which is scheduled for release on Wednesday morning.
Economists polled by Dow Jones are expecting that private companies added 120,000 jobs last month, up from the in February. The Bureau of Labor Statistics reported Tuesday that job openings dropped more than expected in February, with for the month. That's just below the Dow Jones estimate of 7.
6 million. U.S.
stock futures were little changed Tuesday night. Futures tied to the S&P 500, as well as Nasdaq-100 futures, hovered around the flatline. Futures tied to the Dow Jones Industrial Average were also flat.
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