Thu Mar 06 13:20:00 UTC 2025: ## Stock Futures Plunge on Weak Earnings, Tariff Uncertainty, and Economic Concerns

**New York, NY** – US stock futures experienced a significant sell-off Thursday, driven by disappointing earnings reports, President Trump’s fluctuating tariff policy, and growing anxieties about the US economy. Dow Jones Industrial Average futures fell 0.9%, S&P 500 futures dropped 1.1%, and Nasdaq 100 futures lost 1.4%, reversing Wednesday’s gains.

The tech sector led the decline, largely attributed to Marvell Technology (MRVL) reporting weaker-than-expected quarterly sales forecasts, fueled by concerns about the AI market’s growth trajectory. Marvell shares plummeted over 16% in pre-market trading, impacting other chipmakers like Nvidia, Broadcom, and AMD. This followed the release of cheaper Chinese AI models, adding to investor anxieties already present due to President Trump’s threat to defund the CHIPS Act.

Retail woes also contributed to the downturn. Macy’s (M) stock fell 3% pre-market after a disappointing outlook, citing tariff headwinds. Walmart (WMT) reportedly requested significant price cuts from Chinese suppliers due to tariffs. While initial jobless claims fell to 221,000, continuing claims remained near a three-year high, and announced job cuts soared to their highest monthly level since July 2020, indicating potential economic slowdown.

Adding to the uncertainty, President Trump’s temporary pause on auto tariffs with Mexico and Canada offered little reassurance, as broader 25% tariffs remain in place, though potential agricultural exemptions are reportedly under consideration. This ongoing trade uncertainty further unsettled investors. The sell-off in German bonds, mirroring the global debt market reaction to increased German defense spending, also contributed to the negative sentiment.

Despite the overall market downturn, some companies bucked the trend. Alibaba (BABA) saw a significant surge following the release of a new AI model, while Zscaler experienced a 5% increase in after-hours trading due to strong earnings. Conversely, MongoDB’s shares dropped 16% after failing to meet Wall Street expectations. The mixed results highlight the sector-specific nature of the market’s volatility.

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