Traders enactment connected the level astatine the New York Stock Exchange successful New York City, U.S., July 15, 2025.
Jeenah Moon | Reuters
U.S. banal futures were small changed Sunday nighttime arsenic investors tracked the latest developments connected trade, and awaited the commencement of large tech net this week.
Dow Jones Industrial Average futures fell by 27 points, oregon 0.05%. S&P 500 futures slid 0.04%, portion Nasdaq 100 futures dipped 0.03%.
Trade was erstwhile again successful absorption arsenic the White House reiterated its presumption connected tariffs. On Sunday, U.S. Commerce Secretary Howard Lutnick called Aug. 1 the "hard deadline" for countries to commencement paying tariffs, though helium besides added that "nothing stops countries from talking to america aft August 1."
Wall Street is coming disconnected a winning week for the S&P 500 and Nasdaq, some of which continued to notch all-time highs. The S&P 500 ended the week higher by 0.6%, portion the Nasdaq climbed 1.5%. The Dow ended the week somewhat lower.
The moves travel connected the heels of a coagulated commencement to net season. Of the 59 S&P 500 companies that person reported frankincense far, much than 86% person topped expectations, according to FactSet data.
The large averages could person a boost successful the week up if Alphabet and Tesla — the archetypal of the alleged Magnificent Seven companies acceptable to study — negociate to bushed estimates. The megacaps are expected to beryllium a large operator of net maturation during the second-quarter net season. FactSet's John Butters expects the Magnificent Seven volition station net maturation of 14% successful the 2nd quarter, portion the different 493 S&P 500 companies are seen posting maturation of conscionable 3.4%.
"We're astatine an each clip precocious for the [S&P 500] close astatine the opening of net season," said Mark Malek, concern main astatine Siebert Financial, adding, "If we tin get done this net play with not excessively galore large failures, I deliberation that is really, truly important astatine this point, if we privation to proceed this upward momentum that we person successful the market."
On the economical front, the June speechmaking for starring indicators, which are predictive metrics for the wide marketplace and economy, is scheduled for merchandise connected Monday astatine 10 a.m. ET.
Verizon Communications and Domino's Pizza are among the companies acceptable to study net Monday.
Aug. 1 is ‘hard deadline’ for tariffs, Commerce Secretary Lutnick says
Commerce Secretary Howard Lutnick said Sunday that Aug. 1 is the deadline for countries to statesman paying tariffs to the United States, but said that "nothing stops countries from talking to america aft August 1."
"That's a hard deadline, truthful connected August 1, the caller tariff rates volition travel in," Lutnick said connected CBS News, erstwhile asked astir the deadline for his tariffs connected the European Union.
President Donald Trump's tariff deadline has shifted since helium announced his steep levies connected trading partners connected April 2, but White House officials present support that Aug. 1 is simply a steadfast deadline.
"Nothing stops countries from talking to america aft August 1, but they're going to commencement paying the tariffs connected August 1," Lutnick said.
— Erin Doherty, Sarah Min
Stock futures unfastened small changed
Stock futures opened small changed Sunday night.
Dow Jones Industrial Average futures fell by 18 points, oregon 0.04%. S&P 500 futures gained 0.02%, portion Nasdaq 100 futures traded flat.
— Sarah Min