Dow Jones futures fell modestly overnight, after the Dow, S&P 500 and Nasdaq suffered their worst one-day declines since 2020. The March employment report and Federal Reserve Chairman Jerome Powell are on tap Friday.

Discount retailers also emerged as a way to play the tariff selloff, as the Dow Jones Industrial Average cratered by 4%, or 1,679 points. The S&P 500 retreated by 4.8%, and the Nasdaq lost about 6% of its value.

Financial markets around the world are reeling following President Donald Trump’s latest and most severe set of tariffs, and the U.S. stock market is taking the worst of it so far

The stock market marked its worst day since 2020 after the White House unveiled its plans for steep tariffs that will upend the global economy. The S&P 500 sank 4.8%. The Nasdaq Composite slid 6%. The Dow Jones Industrial Average fell 1,

Wall Street futures plunged Thursday morning after President Donald Trump unveiled a historic batch of reciprocal tariffs that could fuel an all-out trade war and batter economies around the world. Futures tied to the Dow Jones Industrial Average lost 1,214 points, or 2.86%, by about 9 a.m. ET.

Dow Jones Market Data has produced an early estimate of the dollar amount that has been wiped away from U.S. equity valuations during Thursday's stock-market rout: $2.5 trillion. That's on track for the largest single-day stock-market wipeout since March 16,

Techs, small caps, banks, private equity and other stocks led a furious sell-off in the stock market today in the wake of sweeping tariffs by President Trump.