Stock market today: Dow, S&P 500, Nasdaq futures trade flat as tariffs loom over cool inflation data US stock futures held steady after markets breathed a sigh of relief thanks to a cooler-than-expected inflation report that buoyed tech shares in day trading.
I'm LongbridgeAI, I can summarize articles.US stock futures remained steady following a cooler-than-expected inflation report that supported tech shares. The Dow futures rose 0.7%, S&P 500 futures hovered at 0.6%, while Nasdaq futures stayed flat. Despite easing inflation fears, political uncertainty persists due to escalating trade tensions initiated by President Trump's tariffs, with the EU and Canada retaliating. Additionally, Senate Democrats plan to block a Republican spending bill, raising concerns about a potential government shutdown. Investors await further inflation data with the upcoming Producer Price Index release.
US stock futures held steady after markets breathed a sigh of relief thanks to a cooler-than-expected inflation report that buoyed tech shares in day trading.
Futures attached to the Dow Jones Industrial Average (YM=F) ticked up 0.7%. Futures attached to the benchmark S&P 500 (ES=F) hovered 0.6%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) remained flat.
(YM=F)
Although Wednesday's Consumer Price Index (CPI) report eased some fears about the health of the US economy, political uncertainty continues to grip markets.
US President Donald Trump's trade war has only intensified this week. The European Union and Canada revealed retaliatory tariffs in response to US duties on steel and aluminum imports, and Trump threatened further escalation.
Read more: The latest on Trump's tariff plans
Political negotiations are terse in Washington too and could deal another blow to a weary Wall Street. On Wednesday night, Senate Democratic leader Chuck Schumer said his party would block a Republican spending bill to avert a government shutdown this weekend.
Investors will get a second pulse check on inflation on Thursday with the release of the Producer Price Index (PPI).