Stocks were lower in afternoon trading Monday, extending a three-day-losing streak, as investors await announcements on a new batch of tariffs the Trump administration has said it will implement this week.

It appears that traders will get the details for the Trump administration's much-anticipated new plan for tariffs tomorrow after the market's close. President Donald Trump will deliver remarks at a "Make America Wealthy Again" event in the White House Rose Garden at around 4 p.

Stock futures are pointing to a lower open for major indexes on Tuesday ahead of announcements on new tariffs the Trump administration has said will be implemented this week.

The U.S. stock market closed sharply down Friday, booking weekly losses as investors fretted over the potential for tariffs to weigh on consumer spending and weaken the economy. The Dow Jones Industrial Average dropped 715.

Whether Trump means what he said over the weekend or if in the end, tariffs will be softened is what's kept the stocks volatile.

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Stocks on Wall Street shook off a weak start and closed slightly higher Friday, snapping a four-week losing streak. The S&P 500 edged up 0.1%. The index finished with a 0.5% gain for the week. It’s still down 4.8% so far this month. The Dow Jones Industrial Average eked out a 0.1% gain, while the Nasdaq composite rose 0.5%.

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Adding to concerns, a University of Michigan survey showed consumers’ 12-month inflation expectations soared to the highest in nearly 2-1/2 years in March

US stocks end up with S&P 500 and Dow gaining on the week. Focus returns to the economy and tariffs. FedEx and Nike fall after cutting their outlooks.