US Stock Futures Steady After Wall Street Selloff

U.S. stock index futures stabilized following a significant selloff triggered by President Trump's announcement of new tariffs on imports. The Dow, S&P 500, and Nasdaq experienced substantial declines, with the Nasdaq falling 9% from its peak. Trump's tariffs included a 25% duty on imports from Canada and Mexico, as well as a 10% duty on Chinese goods, which prompted retaliatory tariffs from China and Canada, raising concerns of a potential trade war. The market volatility index rose, signaling investor anxiety about the economic impact of these tariffs, which could dampen corporate profits and consumer demand. Major technology stocks were notably affected, with significant losses from companies like Nvidia and Amazon. Investors are now awaiting earnings reports from key retailers, indicating a shift in focus amid ongoing trade tensions.