U.S. stock futures were down early Tuesday amid a new round of trade retaliation from China, sparking renewed concerns over an intensifying U.S.-China trade war. The markets had recovered strongly from Friday’s steep losses after President Donald Trump downplayed the possibility of new tariffs on Chinese imports and calmed investors by saying, “Don’t worry about China, it will all be fine!”
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Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 1.13%, 0.86%, and 0.53%, respectively, at 4:28 a.m. EST on October 14.
During Monday’s regular trading session, the three major indexes posted sharp gains, closing at record highs. The S&P 500 rose 1.56%, marking its largest single-day gain since May 27, while the Dow gained 1.29%, ending a five-day losing streak with its strongest session since September 11. Meanwhile, the tech-heavy Nasdaq closed up 2.21%, led by rallies in tech stocks like Nvidia (NVDA), Oracle (ORCL), and AMD (AMD).
Meanwhile, the U.S. government shutdown continues, with no new economic data releases expected soon. However, traders are closely watching Federal Reserve Chair Jerome Powell’s speech today for insights into future monetary policy.
As the Q3 earnings season begins today, major companies including JPMorgan Chase (JPM), Goldman Sachs (GS), Citigroup (C), Wells Fargo (WFC), Domino’s Pizza (DPZ), and Johnson & Johnson (JNJ) are reporting results today.
Notably, the U.S. 10-year Treasury yield was down, floating near 4.01%. WTI crude oil futures were trending lower, hovering near $58.59 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $4,121 per ounce on Tuesday.
Elsewhere, European stocks opened lower on October 14, weighed down by ongoing concerns over the U.S.-China trade tensions.
Asia-Pacific Markets Traded Lower Today
Asia-Pacific markets mostly fell on Tuesday amid persistent trade tensions between the U.S. and China. Beijing confirmed it began collecting port fees on U.S.-linked vessels, in response to the U.S. implementing similar charges on Chinese ships docking at American ports starting October 14, 2025. Indexes also suffered significant declines due to steep losses in individual stocks.
Hong Kong’s Hang Seng index declined 1.93%. In China, the Shanghai Composite fell 0.62%, and the Shenzhen Component lost 2.21%. Meanwhile, Japan’s Nikkei collapsed 2.58%, and the Topix fell 1.99%.
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