U.S. stock futures held steady on Tuesday evening as investors digested a mix of political and economic developments ahead of the July 4 holiday. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were up 0.09%, 0.01%, and 0.06%, respectively, at 9:25 p.m. EDT on July 1.
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The market sentiment is influenced partly by the Senate’s narrow passage of President Trump’s sweeping tax-and-spending bill. The legislation now returns to the House of Representatives for a potential vote before Independence Day.
Traders are also closely watching for developments in trade deals, as President Trump’s 90-day pause on his most severe tariffs is set to expire next week.
Looking ahead, investors are eyeing key labor market data, including Wednesday’s ADP private payrolls report and Thursday’s nonfarm payrolls release, for clues on the Fed’s next move.