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Futures dip after report Trump mulls economic emergency; Treasury yields stand tall
Jan 8, 2025, 7:41 AM
U.S. stock index futures slipped in choppy trading on Wednesday, as investors assessed a CNN report that said President-elect Donald Trump was mulling a national economic emergency declaration, while a tick up in Treasury yields also pressured riskier stocks. Futures gave up early gains after the report added that the move will allow Trump to build the new tariff program by using the International Economic Emergency Powers Act, which authorizes a president to manage imports during a national emergency. Reports around potential surcharges on U.S. trade partners have kept investors on edge.