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Reuters
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US stock futures tumble as tariffs fuel recession worries | Reuters

1. U.S. stock futures down due to fears of upcoming tariffs. 2. NVDA stock slid 3.6% in premarket trading amid the selloff. 3. Goldman Sachs raised recession probability to 35% due to tariff risks. 4. Tech stocks experienced major declines, led by increasing market uncertainty. 5. The focus is on upcoming economic data and Fed Chair's speech.

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FAQ

Why Bearish?

The uncertainty from tariff announcements tends to increase market volatility, impacting NVDA negatively, akin to previous tariff-related market reactions.

How important is it?

Tariff announcements typically have immediate effects on tech stocks like NVDA; concerns about economic slowdown heighten stock market volatility.

Why Short Term?

Immediate pressures from tariffs and market fears suggest immediate impacts; past tariff news has dipped stock prices quickly.

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