U.S. stock futures dipped late Thursday after President Donald Trump announced 35% tariffs on Canadian goods, set to take effect August 1. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were down 0.37%, 0.44%, and 0.4%, respectively, at 10:17 p.m. EDT on July 10.
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On Thursday, the S&P 500 and the Nasdaq closed at record highs, up 0.3% and 0.1%, respectively. Also, the Dow Jones rose 0.4%. These gains came despite renewed trade concerns. Delta Air Lines’ (DAL) strong earnings and Nvidia’s (NVDA) record-breaking $4 trillion valuation helped fuel optimism.
Looking ahead, investors await the Treasury Department’s monthly treasury statement, scheduled for release at 2 p.m. EDT on Friday.
