Dow, S&P 500, Nasdaq futures edge up ahead of Trump tariffs as bitcoin surges

US stock futures pushed higher early on Monday amid uncertainty about President Donald Trump’s plans to impose tariffs on major US trading partners this week, which brings a crucial jobs report and key retail earnings.

S&P 500 futures (ES=F) climbed 0.2%. while those on the tech-heavy Nasdaq 100 (NQ=F) saw an 0.3% gain. Dow Jones Industrial Average futures (YM=F) were broadly flat. The major US indexes are coming off a volatile week and a losing month in February.

Tariffs on Canada and Mexico are set to come into effect on Tuesday, with no indication that a planned March 4 implementation date will be pushed back again. While 25% duties are planned, Commerce Secretary Howard Lutnick hinted that they could be lower by describing it as a “fluid situation.” New tariffs on China are also due to come in on Tuesday.

The week also brings investors a crucial jobs report and a batch of retail earnings that could feed or ease concerns about economic downturn and consumer resilience. The February nonfarm-payrolls report on Friday is in high focus, in light of emerging signs of cracks in the labor market. It’s expected to show modest jobs growth, with the unemployment rate steady at 4%.

And in a packed week of retail earnings, prominence falls on results from Target (TGT) on Tuesday and Costco (COST) for what they reveal about consumers, after data last week showed their spending unexpectedly fell in January by the most in four years.