FX.co ★ US Futures Point to a Rebound

US futures managed to recover most of their initial declines by Tuesday as investors assessed the latest trade updates. The S&P 500 futures saw a modest increase of 0.1%, the Nasdaq 100 ticked up by 0.2%, while Dow Jones futures remained almost steady. This movement in the markets followed President Trump's announcement of updated tariff rates for 14 countries that have yet to finalize trade agreements with the United States. Additionally, it was reported that the US has proposed a deal to the European Union which would include maintaining a baseline tariff of 10%, albeit with exemptions for certain sensitive sectors like aircraft and spirits. Investors were somewhat reassured by the extended timeline for negotiations, with the new tariffs scheduled to be implemented on August 1st, providing additional time to finalize agreements. On the corporate side, Tesla saw its shares rise by nearly 1% in premarket trading, recovering from a 6.8% drop on Monday. Other major tech stocks also experienced gains as markets prepared to open, with Nvidia up 0.8%, Amazon increasing by 0.3%, Meta climbing 0.6%, Broadcom advancing 0.7%, and Alphabet gaining 0.5%.