Stock Futures Steady as Wall Street Eyes Record Highs Amid Trump-Putin Summit Caution
Dow Jones Industrial Average futures edged up 0.2% while S&P 500 and Nasdaq futures hovered NEAR flatlines, signaling Wall Street's push for fresh records. The Nasdaq Composite recently notched consecutive all-time highs, with the S&P 500 narrowly missing its own record close.
Tech stocks outperformed as Apple celebrated its best week since 2020 following White House recognition, while Nvidia closed at unprecedented levels. Market Optimism stems from signals that Big Tech may dodge impending semiconductor tariffs—a rare reprieve in an otherwise volatile trade policy landscape.
Investors remain wary of geopolitical risks as traders assess whether the impending Trump-Putin summit can de-escalate Ukraine tensions. Simultaneously, markets are digesting newly implemented broad tariffs and anticipating sector-specific duties on chips and pharmaceuticals, with a critical China tariff pause deadline looming Tuesday.