U.S. stock index futures extend losses; S&P 500 futures down 0.5%, Nasdaq futures decline 0.6%.

U.S. stock index futures extend losses; S&P 500 futures down 0.5%, Nasdaq futures decline 0.6%.

U.S. stock index futures extended losses on Monday, July 2, 2025, with S&P 500 futures down 0.5% and Nasdaq futures declining 0.6%. The market's reaction was driven by President Donald Trump's latest tariff threats, which have done little to dampen the overall bullish sentiment [1].

The S&P 500 futures dipped by 0.5%, while Nasdaq 100 futures fell by 0.6%, and Dow futures eased by 0.3%. These declines were in response to Trump's announcement of a potential 10% tariff on any nation aligned with "anti-American" BRICS policies [2]. The tariff threat was seen as a renewed attempt to pressure trading partners to reach favorable trade deals.

Investors were also digesting the impact of the recent jobless claims data, which showed a decline of 5,000 to 227,000 for the week ending July 5. This data suggests a cooling labor market, which could influence the Federal Reserve's decisions on interest rate cuts [3].

The market's focus remains on potential trade pacts with major U.S. trading partners, such as the EU, India, and Canada. Despite Trump's threats, the overall market sentiment remains positive, with investors expecting the Federal Reserve to cut rates in response to the cooling labor market [4].

References:
[1] https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-futures-steady-after-nvidias-milestone-fuels-latest-records-223034041.html
[2] https://www.gurufocus.com/news/2960696/sp-500-nasdaq-and-dow-futures-plunge-after-trumps-shock-10-brics-tariff-threat
[3] https://www.cnbc.com/2025/07/09/stock-market-today-live-updates.html
[4] https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-aim-for-records-as-wall-street-returns-to-rally-mode-161956232.html