U.S. stock futures were down ahead of Monday’s session as investors braced for second-quarter earnings and growing trade tensions. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were down 0.4%, 0.41%, and 0.44%, respectively, at 1:25 a.m. EDT on July 14.
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On Saturday, President Donald Trump said the U.S. will impose 30% tariffs on goods from the European Union and Mexico starting August 1. In response, EU and Mexican leaders said they plan to continue talks with the U.S. this month in hopes of reducing the tariff rate.
The announcement comes ahead of this week’s inflation data, which could show how earlier tariffs are already affecting the U.S. economy.
Stock indexes fell on Friday, reversing mid‑week gains and closing in the red, as the tariff theme came back to haunt investor sentiment. The S&P 500 was down 0.31% for the week, while the Nasdaq 100 declined by 0.38% and the Dow Jones dropped 1.02%.