The cryptocurrency market cap dropped 2.80% in 24 hours to $2.54 trillion following President Donald Trump‘s sweeping tariff announcement, imposing a 145% duty on Chinese imports and a 10% universal tariff on most other goods.
U.S. stock futures fell on Thursday night as investors prepared to close a volatile trading week marked by dramatic market swings. Nasdaq-100 futures led declines, dropping 1.26% to 18,251.75, while S&P 500 futures fell 1.04% to 5,247.00 and Dow futures slipped 0.88% to 39,448.00.
Dell Technologies Inc (NYSE: DELL) has reduced discounts on many of its computers in light of Trump's tariff announcements and China's retaliatory tariffs. Stock down 5.62%.
Multiple economists emphasized that March's cooling may be temporary, as President Donald Trump's reinforced tariffs and trade measures could reverse progress by raising consumer prices.
According to the Bureau of Labor Statistics, the consumer price index (CPI) decreased 0.1% on a seasonally adjusted basis in March, after rising 0.2% in February. On an annual basis, CPI increased 2.4% before the seasonal adjustment.
The March consumer price inflation report and the routinely scheduled weekly jobless claims, both due ahead of the market open, may determine the course of the market on Thursday.
