14-07-2025
- Business
- Wall Street Journal
Stock Market Today: Dow Futures Fall After Trump's EU, Mexico Tariff Threats — Live Updates
Stock futures dropped early Monday after President Trump said over the weekend he would impose 30% tariffs on both the European Union and Mexico—two of the U.S.'s largest trading partners—effective Aug. 1. Trump said he would consider lowering the respective levies if the EU offers complete access to its markets, with no duties, and Mexico does more to combat drug cartels.
The market nerves come after stocks hit fresh records last week, despite Trump's barrage of tariff threats. Stock indexes edged lower Friday, after Trump announced 35% levies on Canadian imports. But overall, investors have remained hopeful the president will dial back his threats or strike deals.
Earnings season, which kicks off in earnest this week with bank results, will provide another test for market sentiment. Earnings are due from JPMorgan Chase, Wells Fargo and Citigroup in the coming days.
Investors wish to know how trade turmoil is affecting businesses, and how consumers are withstanding tariff-related prices rises. Analysts forecast profits at S&P 500 companies rose 4.8% last quarter, according to FactSet, versus the 13% jump seen in the first quarter.
In recent trading:
Futures tied to the three main indexes fell around 0.5%.
Bitcoin prices soared above $120,000.
Treasury yields edged down. The 10-year yield settled Friday at 4.424%.
