Today’s stock market: Stocks have fallen on tariff risks; Powell’s key testimony

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U.S. stock futures moved down in trading earlier on Tuesday, while gold prices jumped to freshly high prices all-time as markets reacted to President Donald Trump’s latest round of tariffs and sought to Fed chairman against the U.S. Comments on economic impact. Jerome Powell.

President Trump unveiled his plan to raise the aluminum import tax levied by 15%, extending them from the White House to 25% from the White House late Monday, and told reporters that it will not be out of the newly formed duties Obtain “any waiver”.

The move once again reminds investors that Trump’s plan has been inserted into the global economy, and the EU says its plan will target but countdown on U.S.-made goods to the group’s tax collection.

“I deeply regret the U.S. decision to impose tariffs on European steel and aluminum exports,” said European Commission President Ursula von der Leyen. “The EU’s unreasonable tariffs will not be answered; they will trigger a firm and proportionate countermeasure.”

Gold was the first to react, rising to a new high of $2,942 per ounce in overnight trading, while the head of the U.S. dollar index stabilized at 108.251 of its global peers.

“The global trade war could cause widespread economic losses, thereby increasing the attractiveness of wind shelter gold,” said Ricardo Evangelista, senior analyst at Activtrade.

“At the same time, American protectionism may push up prices of imported goods, drive higher inflation and enhance the attractiveness of precious metals, which is seen as a hedge against the depreciation of currencies,” he added.

Related: Gold price eye $3,000, as gold bars surge Trump tariff risk

Bond bond yields are also higher, with the benchmark 10-year notes rising 4.5% and the final transaction volume is 4.253%, while the 2-year notes are marked 4.281%, which is 4.281% before Powell’s testimony before the Senate Banking Committee this morning.

On Wall Street, stocks were set to be a smaller open volume with a firmly closed heel last night, with futures contracts associated with the S&P 500, indicating that the bell’s opening clock fell by 20 points.

Meanwhile, futures prices related to the Dow Jones industrial average were 90 points pullbacks, with the technology-focused Nasdaq being below 100 points.

Stay away from stocks, Tesla ((TSLA) CEO Elon Musk announces a surprise of $97.4 billion Openai, a Microsoft-backed nonprofit ((MSFT) even if the group is raising funds with SoftBank, it could value its valuation close to $300 billion.

More Wall Street analysis:

• Goldman Sachs analysts warn about the impact of Trump tariffs on stocks
• Analysts predict stocks that may join S&P 500 in 2025
• Wall Street analysts’ forecast for every major S&P 500 index for 2025

In Europe, the STOXX 600 benchmark in Frankfurt’s early trading fell 0.03%, while the FTSE 100 in the UK fell 0.09%.

All night in Asia, the MSCI previous day index across the region fell by 0.48% at the end of trading, while the Nikkei 225 was closed due to Japan’s traditional February fountain date.

Related: Senior Fund Manager Issues Dire S&P 500 Warnings 2025