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Stock market today: Dow, S&P 500, Nasdaq set to bounce back as Trump tariff move buoys steelmakers

Related Topics: Charles Dow

US stocks climbed before the bell on Monday, eyeing a bounce-back from sharp losses as steelmakers rallied after President Donald Trump said he will impose new tariffs on steel and aluminum imports.

Dow Jones Industrial Average futures (YM=F) added 0.3%, after the blue-chip index on Friday booked its worst loss in nearly four weeks. S&P 500 futures (ES=F) rose roughly 0.5%, while contracts on the tech-heavy Nasdaq 100 (NQ=F) popped 0.7%.

Investors are weighing Trump's pledge on Sunday to introduce additional 25% tariffs on steel and aluminum from all countries, with the official announcement expected on Monday.