U.S. stock index futures moved slightly higher on Monday evening in a holiday-thinned session, with investors focused on potential new trade tariffs and the Federal Reserve’s rate outlook.

1. Market Snapshot: Futures Drift Higher
? Modest Gains in U.S. Futures

S&P 500 Futures ? +0.2% to 6,141.0
Nasdaq 100 Futures ? +0.1% to 22,220.0
Dow Jones Futures ? +0.2% to 44,712.0

? Low trading volumes due to the U.S. market holiday meant fewer fresh market cues.
? Key Market Concerns? Trump’s trade tariffs: New reciprocal duties could impact global trade.? Interest rates: Investors remain wary of the “higher-for-longer” rate stance.? Sticky inflation: Last week’s inflation data kept the Fed cautious on rate cuts.

2. Trump’s Reciprocal Tariff Plans & Market Reaction
? Trump’s Tariff Strategy

President Donald Trump reiterated his plan to impose reciprocal tariffs on countries that impose tariffs on U.S. exports.
European and Asian markets could be the most affected due to their VAT-based trade systems.

? Steel & Aluminum Tariffs Already in Place

The U.S. recently raised tariffs on steel & aluminum imports from 10% to 25%.
China was hit with an additional 10% tariff, adding to trade tensions.

? Market Impact:

Stocks initially dipped on tariff concerns but rebounded as Trump suggested the duties won’t take effect until April.
The S&P 500 is now near record highs, suggesting investor confidence remains strong for now.

3. Key Takeaways for Investors
? Markets are pricing in Trump’s tariff threats cautiously.? Interest rate uncertainty remains a key risk.? S&P 500 nearing record highs despite trade headwinds.
? Track Market Trends with Financial Modeling Prep APIs? Price Target API – Get analyst expectations for key stocks.? Company Rating API – Assess stock ratings amid market uncertainty.? Sector P/E Ratio API – Evaluate how different sectors are reacting to tariff risks.

Final Thoughts
? U.S. futures edged higher in light trading.? Trump’s tariff threats could weigh on global markets in Q2.? Interest rate outlook remains uncertain, keeping investors cautious.
? Stay ahead of market movements—explore FMP’s APIs today!