Stock futures are pointing lower as investors grapple with escalating trade tensions, volatile corporate earnings, and renewed fears of a potential recession. The decline follows a shortened trading week and comes ahead of major earnings reports from companies such as Tesla and Alphabet.
Federal Reserve Chair Jerome Powell has signaled that interest rates would not be lowered, despite President Trump’s criticism. This stance has contributed to the U.S. dollar’s decline and added to investor uncertainty. Investors are also closely watching economic indicators, with Chicago Fed President Austan Goolsbee warning that economic activity may drop in the summer due to pre-tariff stockpiling by businesses and consumers.
As the market navigates these challenges, attention turns to upcoming earnings reports from major companies and further developments in trade policies, which will likely influence market sentiment in the days ahead.
In pre-market trading, S&P 500 futures fell 1.18%, Nasdaq futures fell 1.46% and Dow futures fell 0.99%.
Check out this morning’s top movers from around Wall Street, compiled by The Fly.
HIGHER –
- Affiliated Managers (AMG) up 5% after announcing that it has entered into a definitive agreement to acquire a minority equity interest in Verition Fund Management
UP AFTER EARNINGS –
DOWN AFTER EARNINGS –
LOWER –
- Tesla (TSLA) down 4% after Reuters reported the launch of production for a more affordable model has been delayed
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Read More on AMG:
- AMG to acquire a minority equity interest in Verition Fund Management
- Affiliated Managers price target lowered to $168 from $187 at TD Cowen
- Affiliated Managers price target lowered to $200 from $215 at Barrington
- Affiliated Managers price target lowered to $195 from $211 at BofA
- Affiliated Managers explores sale of Comvest stake, Bloomberg reports