Stock Market Today: S&P 500, Nasdaq Futures Drop

Big shifts in global government policy are pushing markets around early Thursday.

In the U.S., the dollar weakened further and stock futures dropped. The partial rollback of tariffs against Canada and Mexico saw indexes rally Wednesday.

Government bonds fell across the globe, pushing up yields.

Coming up this morning:

The European Central Bank is expected to cut interest rates again in an announcement due at 8:15 a.m. ET.

Kroger and Macy’s are due to report earnings.