A trader works on the floor of the New York Stock Exchange (New York City) in New York City, USA on July 30, 2025.
Jeenah Moon | Reuters
Stock futures were under pressure on Friday as traders digested President Trump’s tariff rates and the latest big-tech gains. Investors are also looking forward to July's work report later that day.
Futures related to the Dow Jones Industrial Average Less than 402 points, or 0.9%. S&P 500-year futures fell 0.9%, while Nasdaq 100 Futures Lossed 1%.
Shares Amazon It fell more than 7% after e-commerce giants provided lightweight operating income guidance for the quarter. apple Stocks grew 2% behind losses in earnings and revenue.
President Donald Trump has released the latest responsibilities, ranging from 10% to 41%. Goods that avoid tariffs to avoid tariffs will face a 40% tax again, according to the White House. For Canada, one of the largest trading partners in the United States, goods imported into the country will now have a tax rate of 35%, higher than 25%.
“Investors have been 'better than fear, we finally have 'optimistic attitudes, but this view is thinning in reality – tariffs will have a stagnant effect on the economy as they slowly penetrate data over the course of many months. “We continue to think that this issue is more negative than the consensus appreciates.”
In addition to the new tariffs, another market catalyst was vaguely visible on Friday. The July employment report expires at 8:30 a.m. ET, and the reading is expected to show a slowdown in the labor market. Dow Jones estimates wages have increased by 100,000 and unemployment has increased to 4.2%.
Stocks come from a plain trade, and this is seen S&P 500 Notch lost a day for the third time in a row as steady revenue from Microsoft and Meta platforms failed to boost the broader market. Both the S&P 500 and the Nasdaq played intraday records earlier in the meeting until the technology-driven rally was in trouble.
“Currently, the S&P 500 S&P 500 is still bullish, but the path forward looks uncertain. On the one hand, Big Tech is offering it with spades, eating [artificial intelligence] “The gold rush and lifting the stock market to record highs. On the other hand, geopolitical tensions, valuation issues and monetary policy uncertainty threaten to pull the carpet out of the rally,” said Fawad Razaqzada, an analyst at the city index.
What a big month for stocks, the main average manages to end with July earnings. The S&P 500 ended 2.2% this month, while Nasdaq stock was up 3.7%. 30-sharp Dow's growth rate is below 0.1%.
Week-to-date, the wide market index lost 0.8%, while the Dow Jones index was 1.7%. Nasdaq is tracking less than 0.1% ahead of schedule.