Wall Street was poised to open slightly lower Monday morning after U.S. President Donald Trump told reporters he was pushing forward with more tariff hikes despite concerns about their impact on the economy and markets, the Associated Press reports. Futures for the S&P 500 inched back 0.1%, while futures for the Dow Jones Industrial Average slipped 0.3%, and Nasdaq futures were essentially unchanged.
Speaking to reporters on Air Force One, Trump said he has no intention to back away from another round of tariffs due to take effect on April 2. He said additional tariffs were coming on autos, steel, and aluminum.
Over the weekend, privately held fast-fashion chain Forever 21 filed for bankruptcy for the second time.
After setting a record less than a month ago, U.S. markets are coming off their fourth straight losing week, the longest such streak since August.
