Menu

Stock market today: Dow, S&P 500, Nasdaq futures steady with Wall Street looking for more records

Stock futures were steady on Monday, with Wall Street aiming for more record highs, but traders are growing cautious about whether a President Trump and Russia’s Vladimir Putin summit will ease the war in Ukraine.

Dow Jones Industrial Average futures (YM=F) rose 0.2%, while futures tied to the S&P 500 (ES=F) and those on the tech-heavy Nasdaq (NQ=F) hovered above the flatline.

Wall Street is coming off a week that saw the Nasdaq Composite (^IXIC) notch two consecutive records at its end. The S&P 500 (^GSPC), meanwhile, just missed a record close on Friday.

Tech stocks overperformed as Apple (AAPL) posted its best week since 2020 on the heels of its White House spotlight with President Trump. Nvidia (NVDA) also closed Friday at a fresh record amid signals from Trump that Big Tech companies could avoid looming chip tariffs.

Read more: The latest on Trump’s tariffs

Trump claimed that his tariffs are having a “huge positive impact on the stock market,” though Wall Street is still navigating the twists and turns in his trade policy. His sweeping duties on dozens of trade partners went into effect last week. Now, investors are turning their attention to his previewed sectoral duties on semiconductor and pharmaceutical imports, as well as a looming Tuesday deadline to extend a tariff pause with China.

Wall Street will get another glimpse this week into how those tariffs are affecting price pressures in the US. The Consumer Price Index is set for release on Tuesday, followed by the Producer Price Index on Thursday and retail sales data on Friday. Inflation reaccelerated in June, and economists have warned that the tariffs will likely continue to seep into price data in the coming months.

Meanwhile, gold futures (GC=F) fell in New York on Monday as traders waited for clarification from the White House over its tariff policy, after a US government agency ruled that 100-ounce and one-kilogram bullion bars would be subject to tariffs.

Read more: Live coverage of earnings season

The inflation data will be closely watched by the Fed, which is in focus after Trump nominated ally Stephen Miran to a seat on the central bank’s board. Investors are pricing in around a 90% chance the Fed cuts rates in September, and a plurality have priced in the equivalent of three cuts by the end of the year.

LIVE 4 updates

  • 30 mins ago

    US gold futures fall as traders await clarification on tariffs

    US gold futures (GC=F) in New York fell 2% as traders waited for the White House to clarify its tariff policy. Last week, the US Customs and Border agency surprised the market by ruling that 100oz and 1kg gold bars would face tariffs.

    Bloomberg News reports:

    Read more here.

  • Today at 9:17 AM UTC

    Target still in the bear camp

    Good WSJ story this morning on Target (TGT) and its many challenges, one of them finding its next CEO. I wrote more on this a couple months ago.

    I would expect an abysmal quarter (another one) from Target when it reports second quarter earnings on August 20. The company is not only dealing with operational challenges, but it has totally lost the value perception battle with Walmart.

    I don’t see these dynamics changing this year, and maybe not until deep into 2026 provided an outside CEO is brought in to run a full assessment of the business.

  • Today at 9:12 AM UTC

    Bitcoin at a fresh record

    Bitcoin looks to be breaking out of its recent trading range, hitting a fresh record this morning.

    There doesn’t appear to be a clear catalyst for the pop today, though this Sunday X post from bitcoin evangelist Michael Saylor may have stoked the bulls. It suggests he will continue to be a buyer of bitcoin — perhaps no surprise, but the crypto market likes to be coddled.

    “If you don’t stop buying Bitcoin, you won’t stop making Money,” Saylor wrote.

  • Today at 9:09 AM UTC

    C3.ai crashing

    Shares of C3.ai (AI) are getting crushed pre-market to the tune of 30%.

    And the rout is 100% deserved.

    Late Friday the company said it sees preliminary first fiscal quarter revenue of $70.2 million to $70.4 million, about 33% below the mid-point of its prior guidance for $100 million to $109 million. Sales would be down 19% from the prior year.

    The adjusted operating loss will be $57.7 million to $59.9 million, roughly twice the $23.5 million to $33.5 million loss that it had expected.

    I don’t think there is anything to read into the AI trade here — this seems very company specific, and tied to a sales reorg the company under

Related Posts

Back To Top
the Ivy

The Ivy is our flagship newsletter delivered 3x per week (Mon, Wed, Fri) with a focus on investments that can stand the test of time. Investors who seek undervalued companies, passive income, or top-rated ETFs will find The Ivy to be the definitive financial newsletter.

the Burst

If you trade the markets seeking to find the next growth stock, The Burst was created for you. In this newsletter (delivered Tue/Thu), we spotlight companies that are changing the world as well as cryptocurrencies and blockchain projects disrupting the status quo.

the Spotlight

In our weekly Spotlight newsletter, we shine a light on “stand-out” companies that have high potential. You will also find an assortment of “big picture” topics covered, from economic insights to stock market outlook.

the Daily

We aggregate some of the best up to date investing stories and news from around the web and deliver it to you each day in The Daily.

Enter your email to join the tens of thousands of traders and investors already taking advantage of the complimentary Summa Money newsletters


© Summa Money 2025
Powered by WordPress • Themify WordPress Themes