U.S. stock futures were down on late Wednesday evening after President Donald Trump announced a 50% tariff on Brazil. This followed a strong rebound in the technology stocks in the regular trading session. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were down 0.19%, 0.12%, and 0.15%, respectively, at 9:14 p.m. EDT on July 9.
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On Wednesday, the Nasdaq Composite surged 0.94% to close at a record high. Also, the Dow Jones and the S&P 500 gained 0.49% and 0.61% respectively. The rally was largely fueled by continued investor optimism for artificial intelligence (AI).
Looking ahead, investors are awaiting the release of Weekly Jobless Claims data for the week ended July 5, due Thursday morning. Currently, economists project a slight increase of 2,000 claims to a total of 235,000.