Stock Futures Down on Trump Tariff News; Nasdaq Bucks Trend; Nvidia, Broadcom, Kellogg, Delta in Focus
U.S. stock futures are in the red due to President Trump's tariff announcement on Brazilian goods. Nasdaq futures are slightly up despite the overall negative sentiment. Nvidia's record market value contributes to the market dynamics.
U.S. stock futures are indicating losses at the market open on Thursday due to President Donald Trump's announcement of a 50% tariff on Brazilian goods starting Aug. 1. Dow Jones Industrial Average futures are down 35 points, S&P 500 futures are falling slightly, and Nasdaq 100 futures are slightly up.
The Nasdaq Composite hit a record high on Wednesday, led by chip maker Nvidia, which reached a market value of $4 trillion. Lower bond yields have eased fiscal fears, and the Treasury's sale of $39 billion of 10-year notes led to a bond rally despite Federal Open Market Committee's divided views on interest rate cuts.
According to the source: Barron's.
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