U.S. Stock Futures Dip as Tech Giants Gear Up for Earnings Showdown

Following a promising week for Wall Street, U.S. stock futures declined late Sunday evening as investors prepared for a packed schedule of corporate earnings reports in the days ahead.

Recently, Dow Jones IndustrialAverage futures dropped approximately 130 points, equating to a decline of around 0.3%. Futures for the S&P 500 also decreased by roughly 0.4%, and those for theNasdaq-100 went down by 0.5%. The price of crude oil declined as well, whereas Bitcoin fell beneath the$94,000 mark. Meanwhile, gold experienced a slight decreasein value, while the U.S. Dollar Index, reflectingthe dollar’s performance compared to several majorforeign currencies, climbed higher.

Stocks rose Friday For the fourth straight day, both the S&P 500 and Dow Jones Industrial Average achieved their longest wining runs since January. According to data from Dow Jones Market Data, all three main indexes saw their strongest week since April 11th, with the Dow climbing 2.5%, the S&P 500 increasing by 4.6%, and the Nasdaq jumping 6.7%.

Tech stocks rebounded following Google parent Alphabet Inc.’s blowout earnings report, sparking optimism among the outcomes scheduled for release this week From major corporations such as Apple Inc., Amazon.com Inc., Meta Platforms Inc., and Microsoft Corp.

Last week, investors felt optimistic about the prospect of President Donald Trump reducing his high tariffs on Chinese products. However, Trump's trade conflict has unsettled financial markets and alarmed consumers, as evidenced recently. New York Times/Siena poll Showing that 76% of participants disagreed with Trump’s approach to the economy, and 55% were against his usage of tariffs.

Treasury Secretary Scott Bessent dismissed the poll figures during an interview on Sunday. with ABC News’ “This Week,” calling the criticism “media driven.” He also defended the Trump administration’s back-and-forth with declaring new tariffs, then pausing some or carving out exceptions.

“It’s called strategic uncertainty,” Bessent told ”This Week” anchor Martha Raddatz.

The Trump administration has said it’s in the process of negotiating trade deals with more than 180 nations, but there have been scant results so far.

Also read: How investors on Wall Street are managing their positions amid the anticipation of trade deal outcomes.

In a recent Time magazine interview Trump asserted that he had already secured 200 trade agreements. However, Bessent somewhat revised this statement on Sunday, explaining that "I think what he means is these are individual components of the larger negotiation processes we're currently undertaking."

"Some of these are progressing quite smoothly," Bessent stated additionally. He further emphasized his expectation for "de-escalation" with China in the near future, leading to a preliminary accord before finalizing an actual trade deal over the next several months.

But speaking On CBS News' "Face theNation," Donald Trump's ex-economic advisor, Gary Cohn, cautioned on Sunday that American shoppers will begin feeling the impact of Trump's trade conflict within the coming two to four weeks. There has been a significant drop in shipping activities between China and the US, leading to potential shortages or substantial price hikes for certain imported goods.

"We're just a few weeks away from observing the initial impacts," Cohn stated, noting that small businesses might suffer the greatest damage. "These enterprises could potentially close down or simply choose to wait and observe how things develop," he explained.

Cohn additionally pointed out that "tariffs are highly regressive... Therefore, these tariffs will impact those with less income more significantly."

More: How a dramatic drop in shipping from China reflects tariffs, stock markets, and overall economic conditions.

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