Stock Futures Slip as Tariff Uncertainty Lingers
U.S. stocks looked set to slip over the final trading session of May, with investors still uncertain about whether President Donald Trump will end up getting his way as he bids to reshape global trade.
Futures tracking the Dow Jones Industrial Average were down 78 points, or 0.2%. S&P 500 futures slid 0.3%, and contracts tied to the tech-heavy Nasdaq 100 fell 0.4%.
The three blue-chip indexes have rallied this month, with the S&P 500’s 9.2% gain putting the gauge on pace for its best May performance in 35 years. But the market is still struggling to make sense of Trump’s tariffs, and sentiment took a blow on Thursday when a federal appeals court put a ruling that voided the White House’s sweeping levies on hold.