US markets fell on Sunday night amid concerns over the Trump administration's continued tariff threats against the EU and Mexico, and pressure on Federal Reserve Chairman Jerome Powell. Investors are increasingly worried about the impact of tariffs on inflation and corporate earnings. Futures for major indices dropped significantly, while the yield on the 10-year Treasury dipped slightly. Key economic indicators, including CPI, PPI, and retail sales, are due this week, offering insights into the effects of tariffs. Several Fed policymakers will speak, facing pressure to lower interest rates. Earnings season begins, with major banks and tech companies reporting results.

Prepared by Christopher Adams and reviewed by editorial team.