US stock futures fall on possible pharma tariffs; Ford pulls forecast

(Reuters) -U.S. banal scale futures were little connected Tuesday aft President Donald Trump's comments connected imaginable pharma tariffs renewed worries of the interaction of a commercialized war, portion immoderate downbeat firm results besides weighed connected capitalist sentiment.

Late connected Monday, Trump said helium plans to denote pharma tariffs implicit the adjacent 2 weeks, his latest connected levies that person rattled planetary fiscal markets implicit the past months.

The quality offset optimism stemming from his bid that aimed to trim the clip taken for pharma manufacturing works approvals. Drugmakers Eli Lilly and Pfizer were level to somewhat little successful premarket trading.

The latest improvement follows Trump's tariffs connected foreign-made movies that were announced connected Sunday. Wall Street closed little connected Monday, with the benchmark S&P 500 snapping a nine-session winning streak.

Ford Motor was the latest to suspend its yearly outlook connected Monday, joining a big of companies that shelved their forecasts successful April. The automaker besides flagged a deed of astir $1.5 cardinal from the levies, sending its shares down 2.6% successful premarket trading.

Tariff-driven uncertainty has led consumers, businesses and adjacent the U.S. Federal Reserve to clasp a wait-and-watch mode arsenic they conflict to gauge the interaction of the levies and find ways to navigate them.

The Trump medication suggested past week that imaginable deals with trading partners were underway, but markets person seen nary factual results connected that front.

The latest tariffs connected the movie and pharma industries are undermining the "likely misplaced" optimism that markets consciousness astir the U.S. striking commercialized deals successful the adjacent future, said Marc Ostwald, main economist, ADM Investor Services International.

At 05:30 a.m. ET, Dow E-minis were down 279 points, oregon 0.68%, S&P 500 E-minis were down 44.75 points, oregon 0.79%, and Nasdaq 100 E-minis were down 214.25 points, oregon 1.07%.

The Fed starts its 2-day gathering connected Tuesday, with the cardinal slope wide expected to enactment enactment connected involvement rates. Comments from policymakers volition beryllium scrutinized for immoderate clues that suggest their stance connected monetary argumentation easing this year.

"We spot small market-moving accusation emerging ... with a steady-as-she-goes payroll people for April, unchangeable ostentation numbers and prospects of engaging successful commercialized deals, this should support the Fed successful wait-and-see mode for now," BNP Paribas analysts said.

Traders spot astir 79 ground points of argumentation easing by the extremity of 2025, with the archetypal trim coming lone successful July, according to information compiled by LSEG.

Aircraft parts shaper Transdigm, edifice relation Marriott and Marathon Petroleum are among the companies reporting earlier the bell.