ETFs, Equity Futures Dip Amid Tariffs Rejection; Commvault Systems' Data Management Solutions Highlighted

ETFs and equity futures fall pre-bell Tuesday amid court rejection of tariffs. The Dow Jones Industrial Average is down 0.4%, the S&P 500 is down 0.3%, and the Nasdaq is down 0.2%. The rejection of tariffs may impact the economy and lead to market fluctuations.

September 2, 2025 - U.S. equity markets experienced a pre-bell drop on Tuesday, with the Dow Jones Industrial Average down 0.4%, the S&P 500 down 0.3%, and the Nasdaq down 0.2%. The market reaction follows the court's rejection of recent tariffs, which could significantly impact the economy and lead to market fluctuations.

The rejection of tariffs by the court has raised concerns among investors about the potential economic implications. Caterpillar Inc., one of the world's largest manufacturers of machinery for mining and construction, warned investors that the impact of tariffs could be even greater than previously anticipated. The company expects tariffs to cost it as much as $1.8 billion this year [2].

The crypto ETF sector also saw a significant impact. Grayscale Digital Assets, a leading digital asset management firm, has updated its filings for Cardano and Polkadot ETFs with the U.S. Securities and Exchange Commission (SEC). These filings reflect Grayscale's strategy to expand its crypto investment offerings. The SEC has extended its review period for the Cardano ETF, pushing the decision deadline from August to late October [1].

The market sentiment around the Cardano ETF has shifted positively, with approval odds rising to 87% according to Polymarket data. This rebound is attributed to Grayscale's renewed push for approval and the recent amended S-1 filing, which has likely contributed to growing investor confidence [1].

The rejection of tariffs and the ongoing regulatory review of crypto ETFs have added volatility to the market. Investors are closely monitoring these developments, as they could influence the broader economic outlook and market performance.

References:
[1] https://cryptonewsland.com/grayscale-seeks-sec-approval-for-polkadot-and-cardano-etfs-with-new-s-1-filings/
[2] https://news.bloomberglaw.com/international-trade/caterpillar-warns-tariff-impact-bigger-than-previously-seen-1