Stock Market Overview

March 25, 2025

• Dow Jones Industrial Average futures fell by 56 basis points (0.1%) in premarket trading.
• S&P 500 futures dropped by 0.2%, reflecting broader market sentiment.
• Nasdaq 100 futures declined by 0.4%, indicating tech sector weakness.

Market Sentiment and Drivers

• Investors remain uncertain about the impact of U.S. President Donald Trump’s tariffs, with optimism fading as the April 2 deadline approaches.
• Trade policy volatility has kept market sentiment fragile, with Pepperstone strategist Michael Brown advising a cautious approach to equity rallies in the short term.

Bond Markets and Currency Trends

• The yield on the benchmark 10-year U.S. Treasury note remained stable at 4.349%.
• The WSJ Dollar Index rose by 0.1%, reflecting a stronger U.S. dollar against 16 major currencies.

Consumer Confidence and Market Outlook

• Upcoming consumer confidence data from the Conference Board is expected to show weakening faith in the economy, with March estimates suggesting a decline.
• Investors are closely monitoring these metrics to gauge market sentiment amid ongoing trade tensions.