U.S. stock futures were pointing lower early Wednesday after the S&P 500 posted a record high close. Investors are still shrugging off worries that keep cropping up, such as concern that tariffs will scupper growth or that defense spending will be gutted.
Minutes from the Federal Reserve’s most recent policy meeting, more details on President Donald Trump’s tariff plans, and the impact of talks with Russia on energy prices could all affect markets today.
Trump said late Tuesday that he is considering additional 25% tariffs on automobiles, semiconductors, and pharmaceuticals. While that would certainly create winners and losers in those industries, the plans are nevertheless much narrower than the across-the-board measures the president floated when he took office.