U.S. stock futures were flat late Tuesday evening as investors closely tracked the latest developments in President Donald Trump’s tariff announcements. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were down 0.04%, 0.13%, and 0.08%, respectively, at 8:15 p.m. EDT on July 8.
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During Tuesday’s regular trading session, the S&P 500 and the Dow Jones were down 0.07% and 0.4%, respectively, while the tech-focused Nasdaq Composite managed a modest gain of 0.03%. The market sentiment was influenced by Trump’s announcement of a 50% levy on copper imports. He further threatened to impose tariffs of up to 200% on pharmaceutical imports into the U.S.
Looking ahead to Wednesday, traders will watch for tariff updates. They will also be closely watching for the release of the Federal Open Market Committee’s (FOMC) minutes, which could provide further insights into the Federal Reserve’s monetary policy stance.