U.S. stock index futures recorded limited declines ahead of the U.S. stock market opening on Wednesday, except for the Dow Jones futures, after the main indices suffered sharp losses in the previous session following U.S. inflation data for June.
Although the data came in less severe compared to market expectations, it clearly showed how much price levels are affected by the tariff policies adopted by Trump since he took office in January.
This reinforced the likelihood of maintaining a tight monetary policy for a longer period, as it seemed that the decline in inflation was not as sustainable as Federal Reserve members had hoped, which led to the decline of U.S. stocks in yesterday's session; the Dow Jones lost more than 400 points at closing.
The chip giant ASML also raised market concerns, contributing to the downturn of global tech stocks, after it indicated that it might not achieve earnings growth next year due to ongoing uncertainty and tariff policies, adding to the downward pressure on U.S. stock performance ahead of the opening.
U.S. stock market futures traded near these levels during pre-market trading:
- Dow Jones Industrial Average futures Dow Jones stabilized near the previous closing level of 44,251.00 points.
- Nasdaq futures Nasdaq 100 dipped about 0.28% to 22,992.50 points.
- S&P 500 futuresS&P 500 fell by approximately 0.11% to record a level of around 6,277.50 points.
