Traders work on the ground of the New York Stock Exchange (NYSE) on February 13, 2026 in New York City.
Spencer Platt | Getty Images
U.S. inventory futures fell Sunday night time after President Donald Trump stated he is elevating his global tariffs to fifteen% from 10% after the Supreme Court struck down the president’s “reciprocal” tariffs. The new tariffs heightened market uncertainty concerning the outlook for inflation and international development.
Dow Jones Industrial Average futures dropped 300 factors, or 0.6%. S&P 500 futures and Nasdaq 100 futures slid 0.7% and practically 1%, respectively.
Oil costs sank, with Brent crude futures declining 0.7% to $71.26 a barrel. U.S. crude futures had been at $65.95 a barrel, down 0.8%.
Bitcoin additionally slumped, tumbling 5% to under $65,000 because the cryptocurrency’s sharp sell-off continued.
Those strikes come after Trump on Saturday stated he would increase global tariffs to 15%, up from the ten% he introduced on Friday. Trump stated the duties would go into impact instantly, although it was unclear whether or not any official paperwork had been signed concerning the timing.
“I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been ‘ripping’ the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level,” Trump wrote.
Trump additionally warned that further levies can be coming over the subsequent few months.
Wall Street is coming off a uneven buying and selling session. On Friday, shares initially rallied after the Supreme Court struck down a broad swath of Trump’s commerce agenda, earlier than pulling again after which in the end recovering once more.
The Dow Jones Industrial Average ended the session larger by greater than 230 factors, 0.5%, recovering from a 200-point loss earlier within the session. The S&P 500 gained 0.7%, whereas the Nasdaq Composite rose 0.9%.
Investors hoped the Supreme Court ruling would soothe tensions between the U.S. and its buying and selling companions and result in doable refunds to corporations affected by the tariffs, however are awaiting extra readability from the White House.
“It would seem that Wall Street — and Main Street — are going to be dealing with the issue of trade and tariffs for some time to come,” Tim Holland, chief funding officer of Orion Wealth Management, wrote on Friday.
Meanwhile, Iran stays a focus for buyers. This previous week, Trump inspired Iran to succeed in a deal over its nuclear program, warning that in any other case “bad things” would possibly occur.
Trump is scheduled to ship his State of the Union tackle to Congress on Tuesday.
Nvidia earnings shall be a key focus this week. The chipmaking big is ready to launch outcomes on Wednesday. It’s one in every of solely two Magnificent Seven shares to have eked out a acquire this yr. The firm must reassure buyers that its synthetic intelligence funding technique stays intact.
On the financial entrance, sturdy items orders and manufacturing facility orders information are set to be launched on Monday morning.
