FX.co ★ US Futures Point to Lower Open After Tariff-Pause Rally Fades

On Thursday, U.S. futures dipped, with S&P 500 and Nasdaq 100 contracts declining by over 2%, while Dow Jones futures fell approximately 670 points. This drop followed Wednesday's significant rally, which was driven by President Trump's announcement of a 90-day suspension on tariffs for most U.S. trade partners, with the notable exception of China, to facilitate negotiations. Tariffs on Chinese imports will remain at 125%. Despite the pause, market fluctuations are anticipated to continue as investors remain vigilant amid ongoing uncertainties, evaluating the broader economic impact, especially concerning the U.S. economy. On the economic data front, all principal components of the Consumer Price Index (CPI) underperformed expectations, showing no positive surprises in inflation data. The full effect of the recently implemented tariffs is expected to manifest in the forthcoming months. In other news, initial jobless claims were consistent with figures from previous weeks. Major technology companies saw declines in premarket trading.