Stock market today: S&P 500, Dow, Nasdaq futures falter with fresh tariffs, Fed minutes in focus

The introduction of significant tariffs indicates potential increased costs for manufacturers and firms reliant on imports. This can slow economic growth and affect market sentiment negatively. Companies involved in the automobile, tech, and pharmaceutical sectors are likely to face headwinds as they may have to adjust to these new tariffs, which could impact margins. In this context, companies like Stellantis and Toyota may see their stock prices drop due to the uncertainty and potential increased costs from tariffs.

As for the broader market, while the initial reaction is negative, the historic resilience suggests a rebound could occur if the economic impact is less severe than anticipated. If earnings releases from companies like Etsy and Carvana meet or exceed expectations, market sentiment could improve, allowing for a potential upward movement in technology and consumer discretionary sectors. This collective potential rebound may support ETF measures in these sectors, such as XLY (Consumer Discretionary Select Sector SPDR Fund).