U.S. stock futures were little changed Tuesday night after President Trump announced a new trade deal with Japan. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 were up 0.01%, 0.11%, and 0.16%, respectively, at 8:57 p.m. EDT on July 22.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
These moves come after the S&P 500 closed at a record high for the second day in a row, rising 0.06% on Tuesday. The Dow gained nearly 0.4%, while the Nasdaq Composite fell 0.4% as chip stocks dropped.
Trump, in a Truth Social post, said the U.S. had finalized a “massive Deal” with Japan that includes “reciprocal” 15% tariffs on Japanese exports to the U.S.
Investors are now turning their attention to upcoming earnings reports from Alphabet (GOOGL) and Tesla (TSLA), both expected after the bell on Wednesday. These reports will be the first from the mega-cap Tech sector. Beyond these, AT&T (T), Chipotle Mexican Grill (CMG), QuantumScape (QS), and IBM (IBM) will also report results tomorrow.
On the economic front, traders will be looking at the Existing Home Sales data.