U.S. stock futures dipped Tuesday, following a record run for Wall Street indexes, as investors monitored U.S. trade talks and a Senate voting marathon over President Donald Trump’s tax and spending bill.
The S&P 500 and the Nasdaq Composite reached record closing highs on Monday, capping their best quarter in over a year as hopes for more trade deals and possible rate cuts supported sentiment.
U.S. senators were still voting on Tuesday on a potentially long list of amendments to Trump’s bill that is expected to bring a $3.3 trillion hit to the nation’s debt pile, fueling uncertainty among investors.
Meanwhile, Trump expressed frustration with U.S.-Japan trade negotiations and Treasury Secretary Scott Bessent warned that countries could be notified of sharply higher tariffs as a July 9 deadline approaches despite good-faith negotiations.
Tesla’s shares dropped 4.7% premarket after a fresh spat between CEO Elon Musk and Trump over the tax bill, with the president urging the government efficiency department to review the subsidies that Musk’s companies have received.
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Author: Faith Novak
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