Stock futures are little changed after S&P 500 posts first winning session in three: Live updates

Stock futures were comparatively unchanged connected Wednesday evening aft the S&P 500 recouped immoderate of its losses from this week's tariff-fueled slide.

S&P 500 futures traded conscionable supra the flatline, on with Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average were besides flat.

President Donald Trump announced precocious Wednesday a 50% tariff connected Brazil partially successful retaliation for the existent proceedings against erstwhile Brazilian President Jair Bolsonaro for his relation successful an alleged effort to overturn the country's 2022 predetermination results. The determination was besides owed to the "very unfair commercialized relationship" with Brazil, Trump added, saying it has been "far from Reciprocal."

That comes aft Wall Street saw gains during Wednesday's session. The S&P 500 and Dow Jones Industrial Average posted their archetypal affirmative sessions successful 3 with a emergence of 0.6% and 0.5%, respectively, portion the Nasdaq Composite jumped 0.9%, closing astatine a grounds high. Those gains were spurred by optimism astir the artificial quality trade, which sent Nvidia shares astir 2% higher to concisely go the first nationalist institution to beryllium valued astatine $4 trillion.

The bullish AI sentiment helped assistance stocks arsenic investors moved past the latest developments surrounding Trump's tariffs. Prior to the president's announcement of levies connected Brazil, helium sent letters that dictated caller U.S. rates connected the imports of at slightest 7 further countries. He had besides sent letters laying retired caller rates earlier this week to the leaders of 14 different countries, specified arsenic Japan and South Korea. The duties are acceptable to instrumentality effect Aug. 1.

"AI mightiness beryllium precisely what is needed to counteract immoderate terms increases from the tariffs," said Jeremy Siegel, Wharton School prof of concern and Wisdom Tree main economist, connected CNBC's "Closing Bell" Wednesday.

"If we don't perceive overmuch atrocious effects, boy, this bull marketplace certainly, I think, has further to run," Siegel besides said. "If we statesman to perceive … there's immoderate hurdles that are harder to overcome, past we're going to spot choppiness, I think, this quarter."

Concerns implicit the interaction of tariffs, specifically arsenic it relates to ostentation and the labour market, besides came up successful the minutes from the Federal Reserve's June meeting unveiled Wednesday. However, the minutes showed that policymakers were divided connected however galore involvement complaint cuts the cardinal slope should marque implicit the coming months.

Investors are awaiting much developments connected the economical front, arsenic jobless claims information for the week ending July 5 is owed retired Thursday morning. Economists polled by Dow Jones are expecting an summation of 2,000 to 235,000 from the erstwhile week.