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Dow futures drop 400 points after Trump issues new tariffs; jobs report ahead: Live updates
Stock futures were under pressure Friday as traders digested President Trump's modified tariff rates and the latest Big Tech earnings. Investors also await July's jobs report expected later in the day.
Futures tied to the Dow Jones Industrial Average fell 402 points, or 0.9%. S&P 500 futures were down 0.9%, while Nasdaq-100 futures lost 1%.
Shares of Amazon tumbled more than 7% after the e-commerce giant provided light operating income guidance for the current quarter. Apple shares jumped 2% on the back of an earnings and revenue beat.
President Donald Trump issued updated duties ranging from 10% to 41%. Goods that have been transshipped in a bid to avoid the tariffs will face another 40% levy, according to the White House. For Canada, one of the U.S.' biggest trading partners, goods imported into the country will now have a 35% levy, up from 25%.
Dow Jones Futures Fall On Global Trump Tariff Hikes, Amazon Earnings; Jobs Report Due
Dow Jones futures fell solidly Friday morning, along with S&P 500 futures and Nasdaq futures. Amazon.com (AMZN) skidded on earnings and President Donald Trump setting tariffs on dozens of countries, including a higher duty on most Canadian goods. The July jobs report is on tap. Apple (AAPL), Roku (ROKU), Coinbase (COIN), Reddit (RDDT), Cloudflare (NET) and KLA Corp. (KLAC) alsoâŚ
7/31/2025
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