US stock futures dropped amid growing concerns over the impact of the Trump administration’s tariffs. Major stocks like Nvidia, Meta, Amazon, and Tesla saw losses. China’s retaliatory tariffs and rising recession fears added to market uncertainty. Bitcoin also fell 4%.
US stock futures decline amid tariff concerns; Tesla shares fall
US stock index futures dropped on Monday as investor concerns grew over the economic impact of the Trump administration’s tariff policies. At 05:43 a.m. ET, Dow E-minis fell by 299 points (0.7%), S&P 500 E-minis declined 48.75 points (0.84%), and Nasdaq 100 E-minis were down 198.5 points (0.98%).
Major growth stocks also suffered losses, with Nvidia dropping 2%, while Meta and Amazon declined by over 1.3% each. Tesla shares fell 2.6% after UBS lowered its forecast for the company’s first-quarter deliveries and reduced its stock price target.
Markets are also reacting to China’s new retaliatory tariffs, set to take effect on Monday, and upcoming US tariffs on base metals. Uncertainty over trade policies has increased recession fears, with a Reuters poll showing that 91% of economists see rising risks of an economic downturn.
The S&P 500 saw its biggest weekly drop since September, while the Nasdaq has fallen over 10% from its December peak. Investors are awaiting key economic data this week, which could influence the Federal Reserve’s policy decisions. Meanwhile, crypto stocks slid as Bitcoin lost 4% in value.
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Turkish President Recep Tayyip Erdoğan has told his Iranian counterpart Masoud Pezeshkian that Türkiye opposes any form of foreign intervention in Iran, as protests and economic pressures continue to fuel tensions in the Islamic republic.
U.S. Vice President JD Vance delivered a broad defence of the thousands of federal agents leading an aggressive immigration enforcement operation in Minneapolis, saying that "far-left agitators" and uncooperative local officials are to blame for chaos on the streets.
Ukrainian, U.S. and Russian officials are meeting in Abu Dhabi on Friday (23 January) for their first-ever trilateral talks on the nearly four-year-long war in Ukraine.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 23th of January, covering the latest developments you need to know.
Qarabağ claimed a late 3–2 victory over Eintracht Frankfurt in the UEFA Champions League on Wednesday night, scoring deep into stoppage time to secure a dramatic home win in Baku.
Russian President Vladimir Putin said on Wednesday that Moscow could pay $1 billion from Russian assets frozen abroad to secure permanent membership in President Donald Trump’s proposed ‘Board of Peace’.
President Donald Trump said on Thursday that the United States has an "armada" heading toward Iran but hoped he would not have to use it, as he renewed warnings to Tehran against killing protesters or restarting its nuclear programme.
A commuter train collided with a construction crane in southeastern Spain on Thursday (22 January), injuring several passengers, days after a high-speed rail disaster in Andalusia killed at least 43 people.
“I’m seeking immediate negotiations to once again discuss the acquisition of Greenland by the U.S.,” US President Donald Trump told the World Economic Forum. During his Wednesday (21 January) address, he once more cited national security concerns as the reason for wanting to own the Arctic island.
Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.
Global markets are rattled after U.S. President Donald Trump threatened new tariffs on eight European countries over Greenland, sending the euro to a seven-week low and raising concerns about renewed transatlantic trade tensions.
Hong Kong and Shanghai will sign a memorandum of understanding next week to establish a cross-border gold trade clearing system, a move aimed at boosting Hong Kong’s role as an international gold trading hub, Financial Secretary Paul Chan said.
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing that the companies profited unfairly from his early support of the artificial intelligence firm, according to a court filing made public on Friday.
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