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Wall Street Futures Tumble Amid Trump’s Tariff Blitz and Amazon’s Earnings Miss

Market Overview Wall Street futures took a sharp hit Friday morning as investors reacted to a double dose of economic anxiety: sweeping new tariffs imposed by President Donald Trump and disappointing earnings from Amazon. Dow futures fell nearly 1% S&P 500 futures dropped 0.91% Nasdaq 100 futures slid 1.1% Tariff Shockwaves Trump’s executive order introduced tariffs ranging from 10% to 41% on imports from over 90 countries. Notable hikes include: Canada : 35% India : 25% Taiwan : 20% Thailand : 19% South Korea : 15% The White House dubbed August 1st “Liberation Day,” signaling a hardline stance with little room for negotiation. China faces an August 12 deadline to finalize a separate trade agreement. Tech Turmoil Amazon shares plunged 7.6% in premarket trading after its cloud division, AWS, posted underwhelming growth compared to rivals like Microsoft and Alphabet. In contrast, Apple’s earnings beat expectations, buoyed by strong iPhone sales, though CEO Tim ...
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Tech Titans Spark Market Surge Amid Trade Optimism

 


Wall Street Rallies on Big Tech Earnings and Trade Breakthroughs

The stock market soared Thursday morning as strong earnings from Big Tech giants and promising trade developments lifted investor sentiment. Futures for the Nasdaq 100 jumped 1.3%, while the S&P 500 rose nearly 1%, both eyeing fresh record highs. The Dow Jones Industrial Average futures lagged slightly, gaining 0.3%.

Big Tech Leads the Charge

  • Meta Platforms surged 12% in premarket trading after beating earnings expectations and offering robust guidance, despite ramping up AI investments.
  • Microsoft climbed over 8%, inching closer to a $4 trillion market valuation following stellar quarterly results.
  • Investors now await earnings from Apple and Amazon to see if the rally can sustain momentum.

Trade Deals Ease Global Tensions

  • A new pact with South Korea includes a 15% tariff on imports and zero duties on U.S. exports, alongside a $350 billion investment commitment from Seoul.
  • President Trump and European Commission President Ursula von der Leyen also announced a handshake agreement, though details remain murky.

Fed Watch and Economic Indicators

  • The Federal Reserve held interest rates steady for the fifth consecutive meeting, with Chair Jerome Powell emphasizing that no decisions have been made regarding a September rate cut.
  • Investors are closely watching the release of the Personal Consumption Expenditures (PCE) index for clues on inflation and future monetary policy.

With tech earnings exceeding expectations and trade tensions easing, markets are riding a wave of optimism. Whether this momentum holds will depend on upcoming earnings reports and macroeconomic data.


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