Stock market today: Dow, S&P 500, Nasdaq futures trade flat as investors take stock of Trump's remaining tariffs
US stock futures traded flat after a mixed day on Wall Street as relief over easing trade tensions gave way to fresh concern about the economic impact of President Trump’s tariffs.
Futures attached to the Dow Jones Industrial Average (YM=F) ticked up 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) held steady.
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Stock market coverage for Friday, May 16, 2025.
Stocks fluctuated on Thursday as Walmart (WMT) earnings took center stage with the retail giant warning of ‘unavoidable’ price hikes due to Trump’s tariffs. New economic data also showed slowing retail sales yet falling wholesale inflation in April as Trump’s trade policy settled in.
On Friday, investors will get another clue as to how Americans are handling the arrival of tariffs with the University of Michigan’s consumer sentiment survey. A release of the report earlier this month showed declining sentiment and soaring inflation expectations.
Read more: The latest on Trump’s tariffs
Wall Street is ending the week in a very different place than it began given the US and China agreed to rollback tariffs on Monday. Investors will continue to stay vigilant for the next major development on trade as Wall Street’s optimism over relaxed tariffs gives way to the reality that many duties remain in place and their impact on the economy remains uncertain.