U.S. stock index futures remained largely flat Sunday evening as investors braced for a wave of second-quarter earnings reports from major companies, with market focus also locked on the looming implementation of new tariffs by President Donald Trump.
By 7:28 PM ET (11:28 PM GMT), S&P 500 futures held at 6,337.50 points, Dow Jones futures were unchanged at 44,554.0 points, while Nasdaq 100 futures ticked up to 23,239.0 points. The muted movement follows Friday’s lackluster session, where indexes hovered near record highs. Market sentiment was dampened by reports that Trump is pushing for 15% to 20% tariffs on the European Union, expected to take effect on August 1.
Investors now turn their attention to a packed earnings calendar. Tech giants Alphabet (NASDAQ:GOOGL) and Tesla (NASDAQ:TSLA), both members of the “Magnificent Seven,” are set to report Wednesday and could significantly influence broader market trends, especially regarding AI developments. Other notable names reporting early this week include Verizon, Coca-Cola, Philip Morris, RTX, Texas Instruments, Chubb, Lockheed Martin, and General Motors.
Strong bank earnings last week helped buoy sentiment despite rising trade concerns. However, analysts warn that tariffs could weigh on corporate earnings and guidance for the remainder of the year. The White House has yet to secure major trade deals, raising fears about the long-term economic impact.
On Friday, the S&P 500 and NASDAQ Composite were mostly unchanged, closing at 6,296.79 and 20,895.66 points, respectively. The Dow Jones fell 0.3% to 44,342.19 points, as traders remained cautious amid escalating trade tensions and mixed signals from Washington.


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