Stock market today: Dow, S&P 500, Nasdaq futures slip after markets close at new highs
US stock futures held steady on Tuesday as investors weighed improved market sentiment following fresh record highs.
Futures attached to the Dow Jones Industrial Average (YM=F) slid 0.1%, while those on the benchmark S&P 500 (ES=F) dropped 0.2%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) lost 0.3%.
On Monday, stocks continued a rally that started last week, with the Nasdaq and S&P 500 notching new record highs. Reports of progress on US trade deals with Canada and the European Union boosted Wall Street's mood even as the July 9 deadline for the resumption of President Trump's "reciprocal" tariffs looms.
Read more: The latest on Trump's tariffs
Meanwhile, the Senate is making a final push to advance Trump's signature legislation. A final vote could come as soon as Tuesday even as last-minute changes have pushed the bill's price tag up by nearly $1 trillion.
With markets increasingly optimistic that an interest rate cut from the Federal Reserve could be around the corner, Thursday's job report is in high focus this week. Investors will be watching for signs of cooling in the labor market, which could bolster the case for a cut sooner rather than later.
Trading will end early on Thursday at 1 p.m. ET due to the Fourth of July holiday.
LIVE 1 update- Today at 2:55 AM UTC Rian Howlett
Gold back on positive track with Fed and tariffs in focus
Gold (GC=F) rose for a second consecutive day with positive sentiment brewing around the potential of the Federal Reserve to cut rates.
Bloomberg reports:
Read more here.
After reaching new highs at the closing of market trading today, Dow Jones Industrial Average (DJI), S&P 50overflow and Nasdaq futures see a moderate decline as investors adopt cautious betting ahead amidst on-going geopolitical uncertainties.
The steep ascent of markets to new highs yielded only modest futures slips on the Dow, S&P 50O and Nasdaq in post-market hours; a testament perhaps not so much toward immediate bearish sentiment but more towards market stability maturity.
Bursting bubbles before dawn: The overnight slide in Dow, S&P 500 and Nasdaq futures hints at potential market volatility amid record highs reached just hours prior.
