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Futures Drop As Trade Concerns, Trump-Musk Feud Returns

tech

US equity futures - which closed at a fresh all time high after the best quarter since 2023 put them in extremely overbought territory - are weaker, dragged by Tech as TSLA is -5% pre-mkt on Musk vs Trump part 2. Pre-mkt, the balance of Mag7 is mixed with Staples outperforming. As of 8:00am, S&P futures are down 0.2% following two successive closes at all-time highs assentiment remains linked to progress of trade negotiations and the fate of President Trump’s tax and spending bill, which the Senate has failed to pass. Nasdaq futures also drop 0.3% while Europeanstocksalso fell.Bond yields are lower as the curve flattens with USD continuing to decline, setting another 52-wk low.

ZeroHedge Opinion     Jul 01, 2025