Pre-Market Update: Why Stock Futures Are Down Monday - Trade, Iran, and the Fed Explained
TLDR
- US stock futures are down Monday, with the Nasdaq falling 0.7% in pre-market trading
- US-Canada trade talks broke down over the weekend, with Canada vowing to retaliate with like-for-like tariffs
- Treasury Secretary Scott Bessent is set to announce new economic sanctions against Iran Monday afternoon
- Nvidia reports earnings Wednesday in a closely watched moment for AI sector spending
- 10-year Treasury yields remain elevated near 4.7%, keeping pressure on markets
US stock futures are in the red Monday morning as traders face a busy week packed with geopolitical risk, major earnings, and a key Federal Reserve event.
The Nasdaq 100 fell 0.7% in pre-market trading. The S&P 500 futures dropped 0.3%, and Dow futures were also down 0.3%.
US-Canada Trade Talks Break Down
Trade tensions with Canada are adding to the pressure. Talks between the US and Canada collapsed over the weekend, and the US moved to impose new tariffs on Canadian goods.
๐บ๐ธ๐จ๐ฆ UPDATE: The 50% U.S. tariffs on $20 BILLION of Canadian goods are now officially in effect.
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