Stock Market News: Dow, S&P 500 Set to Open Up: Micron, Plug Power, Nvidia, More Mover; Trump Tariff Fallouts

U.S. stock futures were stalling early Tuesday as the market grapples with possible repercussions from any tariffs imposed by President-elect Donald Trump.

Trump quashed speculation that he would pare back plans to introduce across-the-board tariffs on imports when he takes office later this month. While such taxes might help some companies that would benefit from foreign firms becoming less competitive in the U.S., on balance the tariffs will probably hurt stocks. Firms that buy and sell abroad would end up bearing the higher cost of doing business.

The market’s strength still appears to be in technology. The CES trade show in Las Vegas may help to bolster optimism about the potential of artificial intelligence and semiconductor sales.

Futures for the Dow Jones Industrial Average were broadly flat, as were contracts tied to the S&P 500. Futures tracking the tech-heavy Nasdaq 100 were falling 0.1%. Despite retreating in the afternoon, the S&P and Nasdaq both finished Monday higher, led by tech. The Dow ended up losing 0.1%.

Economic data that could impact the market today include new figures on job openings and a survey on the strength of services. The stock exchange will be closed on Thursday to commemorate President Jimmy Carter.

Bond yields were little changed. The yield on the 10-year U.S. Treasury was at 4.629%. The 2-year note yielded 4.272%.