US stock market futures trade lower on Monday amid fresh tariffs announcements, gold and silver prices jump

The US markets ended in green on Friday after the U.S. Supreme Court struck down most of the president's sweeping global tariffs. The nation's highest court ruled in a 6-3 decision that the International Emergency Economic Powers Act, or IEEPA, does not authorise the president to impose tariffs.

Dow Jones Industrial Average surged 230 points or 0.47% to 49,625, NASDAQ increased 203.34 points or 0.9% to 22,886, and S&P 500 added 47points or 0.69% to 6,909. On the sectoral front, transportation stocks showed a strong move to the upside on the day, driving the Dow Jones Transportation Average up by 1.8%.

Following the announcement by the Supreme Court, President Trump announced imposing 10% global tariffs on all nations, which he later increased to 15% over the weekend.

Consequently, the US stock market futures dropped on Monday morning as uncertainity over the tariffs increase. The Dow Jones and NASDAQ futures dropped over 200 points on Monday morning.

Following the uncertainty in the US, the gold prices climbed back above the $5000 mark on Friday evening, gaining over 2.2%. Similarly, the silver prices too jumped 7.7% to close at $84 per oz. The rally in precious metals continued on Monday morning as Gold and silver prices jumped 1% and 3.2%, respectively.

Markets ignored the report released by the Commerce Department stating that economic growth in the U.S. slowed by much more than anticipated in the fourth quarter of 2025. The report said gross domestic product climbed by 1.4% in the fourth quarter after surging by 4.4% in the third quarter. The street had expected GDP to jump by 2.8%.

Meanwhile, a report released by the University of Michigan showed that consumer sentiment in the U.S. improved by much less than previously estimated in the month of February. The University of Michigan said its consumer sentiment index for February was downwardly revised to 56.6 from a preliminary reading of 57.3. The street had expected the index to be unrevised.