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US STOCKS-Wall St futures wobble on fresh tariff threats ahead of data, earnings deluge
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US STOCKS-Wall St futures wobble on fresh tariff threats ahead of data, earnings deluge
Jul 14, 2025 3:19 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

*

Futures down: Dow 0.29%, S&P 500 0.28%, Nasdaq 0.28%

July 14 (Reuters) -

U.S. stock index futures slipped on Monday, as President

Donald Trump's fresh tariff threats

targeting

the European Union and Mexico dampened investor sentiment

ahead of a week packed with economic data and second-quarter

earnings.

Over the weekend, Trump announced plans to slap a 30% tariff

on most imports from the EU and Mexico starting August 1, adding

similar warnings to other countries, giving them less than three

weeks to strike framework deals.

The EU said it would extend its suspension of

countermeasures to U.S. tariffs until early August and continue

to press for a negotiated settlement.

At 5:30 a.m. ET, Dow E-minis were down 130 points,

or 0.29%, S&P 500 E-minis were down 17.75 points, or

0.28%, and Nasdaq 100 E-minis were down 65 points, or

0.28%.

The measured losses indicated investors are more

accustomed to Trump's repeated tariff threats.

"The moves have not been larger since investors see these

threats as a Washington negotiating tactic to push the other

side over the line into a deal," ING analysts said in a note.

However, Wall Street's march to record highs will be put to

test this week with the start of the second-quarter earnings

season by major banks and June's consumer price data, due on

Tuesday.

On Friday, the S&P 500 receded from an all-time high

it hit the day before, and closed lower. It capped last week

with minor losses.

Meanwhile, producer and import price reports due Wednesday

could reveal how supply chain costs are evolving, and retail

sales figures later in the week will offer a snapshot of

consumer health.

Also on the docket are at least seven Federal Reserve

officials due to speak through the week.

Amid the economic data deluge, traders have almost entirely

ruled out a July rate cut from the Fed, though the odds for a

September move still hover around 60%.

Investors are also keeping a close watch on tensions between

the White House and the U.S. central bank, after economic

adviser Kevin Hassett said over the weekend that Trump might

have cause to fire Fed Chair Jerome Powell, citing cost overruns

from the central bank's headquarters renovation.

Among stocks, Boeing ( BA ) rose 2% in premarket trading

after a preliminary report from the Air India crash probe

suggested no immediate action against the planemaker.

Crypto stocks ticked up after bitcoin topped $120,000

for the first time. Coinbase global rose 1.5%, while

Bitfarms gained 3.7%. Strategy advanced 2.9%,

while Riot platforms was up 2.4%.

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