U.S. stock futures moved higher ahead of Monday’s session, but investors stayed cautious as new Trump tariffs raised worries about rising prices and slower growth. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were up 0.06%, 0.02%, and 0.02%, respectively, at 7:35 p.m. EDT on August 3.
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New trading tool for QQQ bullsU.S. stocks ended a rough week with sharp losses across all three major indexes. The S&P 500 dropped 2.4%, snapping a multi-week rally and marking its worst weekly fall since late May. The Dow Jones sank 2.9%, while the Nasdaq 100 fell 2.2%.
Weak jobs data and fresh U.S. tariffs on several trade partners hurt investor sentiment.
Amid the broader pullback, attention is now turning to the earnings slate. While Q2 earnings season has passed its peak, key reports are still on deck this week from companies like Palantir (PLTR), Hims & Hers (HIMS), AMD (AMD), Lucid (LCID), and Super Micro (SMCI).
Looking ahead, investors will watch Tuesday’s ISM Services PMI to gauge how the U.S. service sector held up in July.