US stock market futures fall: Dow, S&P 500, Nasdaq drop as US-China trade war fears reignite and Russia-Ukraine crisis sparks global selloff
US Stock market future today: Dow, S&P 500, Nasdaq futures fall as
US-China trade tensions
flare up-
US stock futures dipped on Monday morning, kicking off June on a shaky note as renewed US-China trade tensions rattled investor confidence. After a strong May rally across major indexes, traders are now treading cautiously amid global economic uncertainties and rising geopolitical risks.
Futures tied to the S&P 500 (ES=F) slipped by about 0.6%, while contracts on the Dow Jones Industrial Average (YM=F) dropped 0.5%. The Nasdaq 100 futures (NQ=F), heavily weighted with tech names, were down 0.7%. The pullback follows new developments in the ongoing trade dispute between the United States and China, reigniting concerns just as markets were gaining momentum.
How are Dow, S&P 500, and Nasdaq futures performing today?
Dow Jones Industrial Average futures: down 0.4%
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S&P 500 futures: down 0.5%
Nasdaq 100 futures: down 0.7%
The declines signal a cautious open for U.S. equities as investors react to rising tensions and brace for key economic data later in the week.
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Major Stocks to Watch Today
Apple Inc. (AAPL)
: Currently trading at $200.85, up 0.38%. Investors are watching for any supply chain impacts due to escalating trade tensions.
Tesla Inc. (TSLA)
: Trading at $346.46, down 3.53%. The company remains under pressure amid concerns over global demand and production challenges.
Amazon.com Inc. (AMZN)
: At $205.01, down 0.49%. Market watchers are monitoring consumer spending trends and potential regulatory impacts.
Microsoft Corporation (MSFT)
: Trading at $460.36, up 0.21%. The tech giant continues to benefit from strong cloud services demand.
What's driving today's market selloff?
1.
U.S.-China trade tensions heat up again
Trade war fears are back in focus. Over the weekend, Chinese officials accused the United States of 'seriously undermining' the current trade truce. This follows renewed threats by President Donald Trump to impose sweeping new tariffs, fueling concerns that a full-scale trade war could return.
Live Events
Investors are wary that further escalation could damage global supply chains and drag on economic growth. The situation remains fluid, but Beijing's harsh language and Washington's tough stance are spooking markets.
2.
Russia-Ukraine war remains a major risk
Geopolitical instability continues to weigh heavily. The Russia-Ukraine war has no clear end in sight and remains a major source of global anxiety. Military escalations, economic sanctions, and supply chain disruptions from the conflict are keeping investors on edge and driving demand for safer assets.
3.
Investors eye economic data and Fed signals
Markets are also awaiting a flood of economic reports this week, including U.S. manufacturing data, job openings, and the all-important May employment report. These updates will offer clues about the health of the labor market and how the Federal Reserve might respond in the coming months.
Fed Chair Jerome Powell is also expected to speak later this week, and investors are watching closely for any signals on future interest rate moves.
What's happening in global markets?
The ripple effects of U.S.-China tensions and the Russia-Ukraine conflict are being felt worldwide:
Hong Kong's Hang Seng Index
dropped
1.3%
European markets
are also trading lower as the risk-off mood spreads
Crude oil prices
jumped amid concerns of further instability and supply threats
Overall, global markets are rattled by the double dose of trade and geopolitical risks, with many investors moving into defensive positions.
Are safe-haven assets gaining traction?
Yes — in uncertain times like these, investors are flocking to safe-haven assets:
Gold prices
have risen steadily, with August futures trading at
₹96,118 per 10 grams
on the MCX
Treasury yields
are falling as investors shift into bonds
This flight to safety reflects broader investor anxiety about potential market volatility in the days ahead.
What triggered the latest US-China trade tensions?
Tensions reignited after China responded to President Trump's claim that it had breached the Geneva tariff truce. In a sharp rebuttal on Monday, Beijing blamed the United States for not upholding its side of the agreement. This exchange of accusations has thrown cold water on any immediate hopes of restarting trade talks between the world's two largest economies.
The friction escalated further last Friday when Trump threatened to double tariffs on imported steel and aluminum from 25% to 50%. Although a federal court recently struck down parts of these tariffs, a higher court swiftly reinstated them to allow legal proceedings to continue, according to reports.
How are markets reacting to the renewed trade risks?
Markets have begun to price in the renewed uncertainty. The US dollar (DX-Y.NYB) fell as investors reassessed the risk of a prolonged trade standoff, while gold futures (GC=F) rose, with more traders seeking safety in hard assets.
Adding to the tension, Ukraine's drone attacks on Russia over the weekend have heightened geopolitical anxieties. The combination of rising global risk, inflation concerns, and trade friction is casting a shadow over economic optimism that had lifted markets in recent weeks.
How did stocks perform in May?
Despite the rocky start to June, May ended on a high note for equities. The S&P 500 (^GSPC) surged over 6%, marking its best month since November 2023 and its strongest May since 1990. Meanwhile, the Nasdaq Composite (^IXIC) jumped 9%, and the Dow (^DJI) gained 4%. Tech stocks led the rally, supported by strong earnings and investor enthusiasm around artificial intelligence (AI) and resilient US economic data.
What key economic reports are coming this week?
Investors now turn their attention to a critical lineup of US economic data. The most closely watched is the May nonfarm payrolls report, due out Friday, which will offer fresh insight into the health of the job market and how it may influence Federal Reserve interest rate decisions.
Also on Monday, updates from S&P Global and ISM on US factory activity are expected to shed more light on how trade tensions are impacting manufacturing.
What major earnings are on the calendar?
Though earnings season is winding down, a few notable companies are still set to report this week. Eyes will be on:
CrowdStrike (CRWD)
Broadcom (AVGO)
DocuSign (DOCU)
Lululemon (LULU)
These reports could offer more signals on the broader corporate outlook, especially in sectors like cybersecurity, semiconductors, and consumer spending.
What does this mean for investors now?
After a strong rally in May, the combination of US-China trade tensions, tariff threats, legal uncertainty, and geopolitical unrest has injected new caution into the markets. The focus now shifts to economic data and Fed signals. Investors may take a more defensive approach in the short term while watching for clarity on trade policy and inflation.
Whether the market can sustain its recent momentum will likely depend on how these global and domestic risks evolve in the coming weeks.
FAQs:
Q1: Why did the stock market drop today?
The stock market dropped today due to rising US-China trade tensions and fresh tariff threats from the U.S.
Q2: What economic data are investors watching this week?
Investors are closely watching the May nonfarm payrolls report and updates on U.S. factory activity.
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Time of India
41 minutes ago
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Big relief for consumers suffering loss due to dark patterns; Govt asks all e-commerce sites to take steps to eliminate dark patterns
The government has declared war on the practice of 'Dark Pattern' being run by some e-commerce companies, as noticed by the government. In a press release dated June 7, 2025, the Central Consumer Protection Authority (CCPA) has issued an advisory to all e-commerce platforms to take necessary steps to ensure that their platforms do not engage in deceptive and unfair trade practices which are in the nature of dark patterns . For those uninitiated, dark patterns are manipulative tricks employed by a company to convince you to buy a higher priced product or service than you otherwise would have. As a direct result of dark patterns, consumers suffer financial loss and result in them taking an action they may not want to take, such as signing up for a service in order to access content. Read below to know more about what the 13 types of dark patterns are and what the government told e-commerce companies to do. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like You Won't Believe What These Celebrities Studied in College Learn More Undo What did the government say to e-commerce companies? According to the press release, the government has issued notices to e-commerce platforms in some cases that have been found violating the Guidelines for Prevention and Regulation of Dark Patterns. 'All e-commerce platforms are therefore advised to refrain from deploying deceptive design interfaces that mislead consumers or manipulate their decision-making,' said the Central Consumer Protection Authority (CCPA) in the press release. Live Events The press release mentioned: 'All e-commerce platforms have been advised to conduct self-audits to identify dark patterns, within 3 months of the issue of the advisory, and take necessary steps to ensure that their platforms are free from such dark patterns. The e-commerce platforms, based on the self-audit reports, have also encouraged to give self-declarations that their platform is not indulging in any dark patterns.' The government said in the press release: 'CCPA has also issued notices to e-commerce platforms in some cases that have been found violating the Guidelines for Prevention and Regulation of Dark Patterns. The Authority has been keeping a close watch on the violation of the Guidelines issued for Prevention and Regulation of Dark Patterns. Instances of Dark Patterns have been noticed on E-Commerce platforms.' What are various types of identified dark patterns? According to the press release the Department of Consumer Affairs had notified the Guidelines for Prevention and Regulation of Dark Patterns in 2023 and specified 13 dark patterns, namely: False urgency, Basket Sneaking , confirm shaming, forced action , Subscription trap, Interface Interference , Bait and switch, Drip Pricing, Disguised Advertisements and Nagging, Trick Wording, Saas Billing and Rogue Malwares. According to another PIB press release dated June 30, 2023, some examples of dark patterns are: False Urgency: This tactic creates a sense of urgency or scarcity to pressure consumers into making a purchase or taking an action. Basket Sneaking: Websites or apps use dark patterns to add additional products or services to the shopping cart without user consent. Subscription Traps : This tactic makes it easy for consumers to sign up for a service but difficult for them to cancel it, often by hiding the cancellation option or requiring multiple steps. Confirm Shaming: It involves guilt as a way to make consumers adhere. It criticizes or attacks consumers for not conforming to a particular belief or viewpoint. Forced Action: This involves forcing consumers into taking an action they may not want to take, such as signing up for a service in order to access content. Nagging: It refers to persistent, repetitive and annoyingly constant criticism, complaints, requests for action. Interface Interference: This tactic involves making it difficult for consumers to take certain actions, such as canceling a subscription or deleting an account. Bait and Switch: This involves advertising one product or service but delivering another, often of lower quality. Hidden Costs: This tactic involves hiding additional costs from consumers until they are already committed to making a purchase. Disguised Ads: Disguised ads are advertisements that are designed to look like other types of content, such as news articles or user-generated content. Details of some of the specified dark patterns and how they manipulate consumers According to the Guidelines for Prevention and Regulation of Dark Patterns, 2023, here are the details: 1. False Urgency False urgency means falsely stating or implying the sense of urgency or scarcity so as to mislead a user into making an immediate purchase or take an immediate action, which may lead to a purchase; including: i. Showing false popularity of a product or service to manipulate user decision; ii. Stating that quantities of a particular product or service are more limited than they actually are. For example: a. Presenting false data on high demand without appropriate context. For instance, 'Only 2 rooms left! 30 others are looking at this right now.' b. Falsely creating time-bound pressure to make a purchase, such as describing a sale as an 'exclusive' sale for a limited time only for a select group of users. 2. 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Time of India
an hour ago
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Trump's China gambit belies rocky road ahead on tariff deals
US President Donald Trump has come up short on striking trade deals with most nations with just one month left before his self-imposed tariff deadline, even as he took his first steps in weeks toward engaging with China. Trump secured a much-desired call with Chinese President Xi Jinping , paving the way for a new round of talks on Monday in London — yet the diplomacy was overshadowed by a blowout public fight between Trump and his billionaire onetime ally, Elon Musk. Trump's aides insisted Friday that the president was moving on and focused on his economic agenda. Still, question marks remain over the US's most consequential trade relationships, with few tangible signs of progress toward interim agreements. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Indonesia (Prices May Surprise You) Container House | Search ads Search Now Undo India, which the Trump administration has cited as an early deal target, has taken a tougher line in negotiations and challenged Trump's auto tariffs at the World Trade Organization . Japan held another round of talks with the US, while also signaling it wants a reprieve from duties on cars and light trucks. The legal fight over Trump's tariffs hangs over everything. A court ruling striking down the country-by-country duties imposed using emergency authorities left partners with no certainty over what Trump's powers are. The next test could come as soon as next week, when a court could rule on the administration's appeal. Live Events Trump and his team were eager to draw attention to inroads with China as proof his ways are working. Trump on Friday described talks with Beijing as 'very far advanced' and said Xi had agreed to speed shipments of critical rare-earth minerals that were at the center of recent tension. Unlocking those supplies would spell relief for major American automakers. The mixed results demonstrate the highs and lows of the president's mercurial approach to trade, in which he and aides have cast him as the ultimate decision-maker on any deals. Rather than provide a clear-cut victory, Trump's dealings with Xi also show the difficult road ahead with China. The rare-earths dispute revealed how important those supplies, which Beijing dominates, are for the US economy. 'Xi is not letting go of the rare earths. He's got leverage, he's using it,' said Douglas Holtz-Eakin, president of the American Action Forum, a conservative think tank. 'They talked, that's the most important thing. I think they're really far apart.' The clock is ticking for Trump. His 90-day pause on higher tariffs for the European Union and nearly five dozen countries expires July 9 — barring an extension he could do with the flick of a pen — while China's reprieve extends until August. If deals aren't reached, Trump plans to restore tariff rates to the levels he first announced in April, or lower numbers that exceed the current 10% baseline, a White House official said, speaking on condition of anonymity. 'We will have deals. It takes time. Usually it takes months and years; in this administration, it's going to take more like days,' White House trade counselor Peter Navarro said Friday on Fox Business. 'We're on task and on target.' The Office of the US Trade Representative 'looks more like a deli now,' Navarro said, with countries lining up for talks. USTR sent letters this week to trading partners reminding them of the deadline. It's unclear what all the frantic activity has yielded. Xi for months was reluctant to get on the phone with Trump and analysts speculated about what concessions the US president offered to his counterpart in exchange for the call. Trump at least appeared to give some ground on foreign students, saying it would be his 'honor' to welcome Chinese scholars even as his administration cracks down on student visas. German Chancellor Friedrich Merz visited Washington facing demands from his nation's automakers for tariff credits for vehicles they produce in the US. But the subject barely came up during the public portion of his meeting with Trump, who spent a large chunk of time unloading on Musk. 'We'll end up hopefully with a trade deal or we'll do something — you know, we'll do the tariffs,' Trump said Thursday alongside Merz. Merz, in his US visit, emphasized the integrated trade ties between countries that are at risk — including by personally driving a BMW built in South Carolina. The German leader said Friday at an industry event the nations should agree on an 'offset rule' that would provide tariff relief for existing US production. Trump's UK deal — the lone pact so far — was undercut this week when he plowed ahead with levies on steel and aluminum. The UK said the pact included an agreement for zero tariffs on British metals, but Trump's latest order kept a 25% charge on them while negotiations continue and doubled the rate for others. Still, the upcoming Group of Seven summit of leaders from major economies could provide an opportunity for the type of in-person dealmaking Trump craves. Canadian Prime Minister Mark Carney has been discussing terms of a potential interim with Trump deal ahead of the gathering this month near Calgary. One theme is clear: Negotiations over his so-called reciprocal tariffs have grown intertwined with his separate duties on autos and metals, despite previous US signals that the administration considered them separate. 'He's entirely transactional,' Holtz-Eakin said. 'He will always deal.' Talks are ongoing with the EU, which has previously proposed an agreement with the US to mutually drop auto tariffs to zero as part of a broader trade framework, which the Trump administration rejected. The bloc subsequently suggested working toward zero-for-zero tariffs on cars, other industrial goods and some agricultural imports with tariff-rate quotas as a possible interim measure. Commerce Secretary Howard Lutnick said this week he'd consider some type of 'export credit' on autos, the kind of carve-out sought by Germany on vehicle tariffs. And he predicted there would be a US-India deal in the 'not too distant future.' Lutnick signaled, though, Trump's push for so-called reciprocity comes with caveats. The US wouldn't agree with Vietnam to drop all tariffs, because it believes the Southeast Asian nation is a hub for so-called transshipment of Chinese goods. Talks with South Korea, where Trump spoke with newly elected president Lee Jae-myung, and Japan, which had top trade negotiator Ryosei Akazawa meet with Lutnick, continued this week. In yet another sign of the Trump team's frenetic approach, Nikkei reported that different — and even competing — positions among Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer and Lutnick had confounded Japanese counterparts.
