Stock Market Shivers Amid Tariff Tensions and Economic Jitters

Stock index futures dropped due to concerns over the Trump administration's tariff policies impacting the U.S. economy. Tesla shares fell after a bearish forecast, while geopolitical tensions and economic uncertainties further influenced market dynamics. Investors await key economic data this week, focusing on the U.S. Federal Reserve's policy path.

U.S. stock index futures took a hit on Monday as investor anxiety intensified over potential economic fallout from the Trump administration's tariff strategies. Fears that these policies may hinder growth in the world's largest economy kept markets on edge.

By early morning trading, major futures plummeted with Dow E-minis down 299 points, S&P 500 E-minis falling 48.75 points, and Nasdaq 100 E-minis dropping 198.5 points. Notably, heavyweights like Nvidia, Meta, and Amazon.com also saw significant declines.

Tesla's stock slid by 2.6% following a tempered outlook from UBS on the automaker's first-quarter deliveries and a reduced price target. Meanwhile, investors turned to safer assets like Treasury bonds amid broader market volatility. Economic data releases this week may offer crucial insights into the U.S. economy's trajectory.

(With inputs from agencies.)