Dow Jones Today: Stock Futures Little Changed as Investors Digest Latest Developments on Tariffs, Await Big-Tech Earnings

Stock futures were fluctuating near unchanged Tuesday morning after China announced retaliatory measures to the tariffs imposed by the Trump administration.

Futures tied to the Dow Jones Industrial Average were down 0.1% in recent trading. while those linked to the S&P 500  and Nasdaq rose 0.1% and 0.2%, respectively. Stocks fell on Monday as investors kept close tabs on trade-related developments after Trump over the weekend signed executive orders calling for tariffs on Canada, Mexico and China.

Trump decided yesterday to delay by 30 days the 25% tariffs on Mexico and Canada that were scheduled to go into effect Tuesday. But 10% tariffs on Chinese imports went ahead as planned, leading Beijing to announce it would impose duties on imports of several U.S. products starting next week.

Among noteworthy movers in premarket trading, Palantir (PLTR) shares were up nearly 25% after the analytics software provider reported better-than-expected fourth-quarter results and issued a rosy outlook amid booming AI-related demand. Spotify (SPOT) shares rose 9% after the streaming audio service reported strong revenue and subscriber numbers.

Shares of Merck (MRK) were down 8% after the pharmaceuticals giant issued a disappointing outlook, while fellow drug maker Pfizer (PFE) rose 2% following its earnings release.

Large-cap technology stocks were mostly higher but little-changed ahead of the opening bell. Nvidia (NVDA), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL), Meta Platforms (META), Tesla (TSLA) and Broadcom (AVGO) were each up less than 1%, while Apple (AAPL) fell slightly. Alphabet is due to report quarterly results after the closing bell today, while Amazon’s earnings release is scheduled for Thursday.

The yield on 10-year Treasurys, which is correlated with market expectations about where interest rates are headed, was at 4.58% this morning, up from 4.54% at Monday’s close.

Bitcoin was around $99,500, down from an overnight high of $102,500, while gold futures were down slightly at around $2,850 an ounce and WTI crude oil futures fell more than 2%, trading near their lowest levels of 2025.