S&P 500, Nasdaq Futures Rise on July 9 as Market Eyes Trump’s Tariff Call and Fed Rate Path Clarity from FOMC Minutes
US index futures ticked higher on Tuesday, July 9, with Dow Jones futures up 0.2%, and S&P 500 and Nasdaq 100 futures gaining 0.1%, as traders positioned themselves ahead of two key triggers—US President Donald Trump’s tariff announcement and the Federal Open Market Committee (FOMC) minutes.
The movement reflects cautious optimism after Monday’s nervous session, where markets digested Trump’s proposal of 25–40% tariffs on 14 countries starting August 1, and a potential 50% copper import duty. Traders are especially wary of his mention of pharmaceutical tariffs up to 200% over the next 12–18 months, which could escalate global trade tensions.
🔹 Dow Futures: +0.2%
🔹 S&P 500 / Nasdaq Futures: +0.1%
🔹 Tariff Watch: 14 nations + copper imports
🔹 FOMC Minutes: Due today, focus on rate outlook
Also Read: IndianOil-Adani Gas JV to Raise Rs.1,378 Cr via CCDs—Biggest Deal Since ATL’s March Issue
Sectoral Outlook and Technical Sentiment
Technology and financials are expected to lead pre-market gains, while energy stocks may lag amid weakening commodity prices. Analysts say technical momentum supports a summer rally, with the S&P 500 possibly targeting 6,500, if macro risks remain contained.
Asian markets ended mixed on Tuesday, reacting to tariff jitters. Nikkei 225 slipped slightly, Hang Seng rose on tech resilience, while Kospi closed flat. India’s Sensex and ASX 200 saw minor moves amid global and domestic uncertainties.
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