White House downplays recession fears amid stock market concerns
A new poll found that 70% of Americans, including a majority of Republicans, think President Trump’s trade policies will push prices higher.
Scripps News
U.S. stock index futures are pointing to a higher opening after reports that President Donald Trump will narrow the scope of tariffs he plans to impose on April 2.
Trump had planned to enact widespread reciprocal tariffs against longtime trading partners, but now, those tariffs will likely be narrower than originally threatened, reports said. That likely comes as a relief to investors and economists who feared an all-out trade war.
Still, officials in China and Australia warned U.S. trade policy could cause shocks to the global economy.
Futures tied to the blue-chip Dow added 0.72%; the broad S&P 500 futures gained 0.94%; and the tech-heavy Nasdaq 100 futures rose 1.14%.
Cryptocurrency
On Sunday, Strategy co-founder Michael Saylor posted on X a bitcoin chart suggesting he may be contemplating buying more bictoin.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
