U.S. Stocks to Pull Back, Gold Hits All-Time High Amid Tariff Concerns

U.S. stocks are poised for a modest decline following record highs as concerns over trade tariffs weigh on sentiment. Gold surged to a fresh all-time high above $2,950 per ounce.

Market Movers:

* S&P 500: Futures down 0.2%
* Nasdaq 100: Futures down 0.2%
* Dow Jones Industrial Average: Futures down 0.1%
* Stoxx Europe 600: Up 0.3%
* MSCI World Index: Unchanged

Key Factors:

* U.S. President Donald Trump's threats to expand tariffs to various sectors have sparked market jitters.
* Defense spending cuts outlined by Defense Secretary Pete Hegseth weighed on Palantir Technologies.
* Disappointing earnings from Vimeo and Carvana sent their shares lower in premarket trading.
* Geopolitical tensions between Russia and Ukraine lifted gold prices.

Economic Data and Central Bank Actions:

* Federal Reserve minutes indicate potential pauses or slowdowns in balance-sheet runoff.
* The Bank of Japan may consider raising interest rates sooner than expected, boosting the yen against the dollar.

Other Key Events:

* Eurozone consumer confidence (Thursday)
* U.S. initial jobless claims and Philadelphia Fed manufacturing index (Thursday)
* Eurozone manufacturing and services PMI (Friday)
* U.S. S&P Global manufacturing and services PMI, existing home sales, and consumer sentiment (Friday)