Dow Jones Today: Stock Futures Slide as More Tariffs Loom; Major Indexes Set to Post Big Losses for March

Stock futures are pointing to a sharply lower open for major indexes on Monday as investors await announcements on a new batch of tariffs the Trump administration has said it will implement this week.

Futures tied to the S&P 500 and tech-heavy Nasdaq were down 1% and 1.5% about 90 minutes before the opening bell, while those linked to the Dow Jones Industrial Average slipped 0.7%. Stocks plunged on Friday after a hotter-than-expected inflation reading and weak consumer sentiment data reinforced concerns about the health of the U.S. economy.

Major stock indexes, which are riding three-day losing streaks, are poised to finish March with steep losses, as selling has resumed after a brief recovery from a month-long selloff amid renewed concerns about the potential impact of tariffs. Entering the final trading session of the month, the Dow has lost 5.1%, while the S&P 500 and Nasdaq Composite are down 6.3% and 8.1%, respectively.

President Trump is due to unveil wide-ranging reciprocal tariffs on countries that charge levies on U.S. exports. The new tariffs are slated to go into effect on April 2, which the president refers to as “Liberation Day.”

The yield on the 10-year Treasury note, which tends to fall when concerns about the economy rise, was at 4.19% this morning, down from 4.26% at Friday’s close. The yield, which affects borrowing costs on all sorts of loans, is trading near its lowest levels of the month.

Mega-cap technology stocks, which have been especially volatile in recent weeks, were down across the board in premarket trading. EV maker Tesla (TSLA) tumbled 6%, while chipmakers Nvidia (NVDA) and Broadcom (AVGO) slipped 4% and 3%, respectively. Amazon (AMZN) and Meta Platforms (META) were down more than 2%, while Apple (AAPL), Microsoft (MSFT) and Alphabet (GOOG) also lost ground.

Chip stocks remained broadly under pressure on Monday. The iShares Semiconductor ETF (SOXX) was down 2.5% before the bell after falling 3% on Friday. Micron (MU), Marvel Technology (MRVL) and Arm Holdings (ARM) were all down more than 3% this morning.

Among other noteworthy technology names, data analytics software provide Palantir (PLTR) and adtech company AppLovin (APP), two AI investor favorites that have been hit hard during the recent rout, were each down about 7%.

Shares of crypto-related stocks were also losing ground as bitcoin continued to slide. Strategy (MSTR), formerly known as MicroStrategy and one of the world’s largest holders of the digital currency, was down 4%, while crypto exchange Coinbase Global (COIN) declined more than 3%.

Bitcoin was at $82,200 in recent trading, down from around $84,000 late Friday.

Gold futures were up 1.1% a $3,150 an ounce, trading at a new record high, while West Texas Intermediate futures, the U.S. crude oil benchmark, rose 0.4% to $69.65.