Dow Jones unofficially closed down 27.33 points (0.06%) at 44,314.86

Dow Jones unofficially closed down 27.33 points (0.06%) at 44,314.86

Dow Jones futures traded higher during the European session on Monday, signaling a positive opening for U.S. equities after the weekend. Despite ongoing concerns over President Donald Trump's tariffs, the Dow Jones Industrial Average (DJIA) futures gained over 0.2% to around 44,440, while S&P 500 futures rose to near 6,316 after adding 16 points [1].

The DJIA, one of the oldest stock market indices in the world, is composed of the 30 most traded stocks in the U.S. and is price-weighted rather than capitalization-weighted [2]. The index's performance is influenced by various factors, including the aggregate performance of its constituent companies, macroeconomic data, interest rates set by the Federal Reserve (Fed), and inflation [3].

The persistent concerns over Trump's tariffs continue to impact investor sentiment. The U.S. President has imposed sectoral tariffs on various products such as automobiles and base metals, and reciprocal levies on 22 nations, including Japan, South Korea, Canada, Mexico, and the European Union (EU) [1]. While some nations are negotiating with White House officials to reach a deal before the August 1 deadline, uncertainty surrounding trade talks with the EU has increased. Trump has demanded a higher baseline tariff rate on imports from the EU and has shown reluctance to reduce the 25% automobile levy [1].

Investors will closely monitor the quarterly results of Tesla and Alphabet this week, which are scheduled for Wednesday. The monetary policy front also saw a shift as traders pared Fed dovish bets following the release of the U.S. Consumer Price Index (CPI) data for June. The data showed that prices of imported products have increased due to sectoral tariffs, leading to a decline in the probability of the Fed reducing interest rates in the September meeting to 58.5% from almost 70% [1].

The Dow Jones Industrial Average closed down 27.33 points (0.06%) at 44,314.86 on July 2, 2025. The index remains in a limited range, reflecting investor uncertainty over the impact of Trump's tariffs and the ongoing trade negotiations [1].

References:
[1] https://www.fxstreet.com/news/dow-jones-futures-trade-higher-despite-persistent-concerns-over-trumps-tariffs-202507211031
[2] Dow Jones FAQs
[3] Dow Theory