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HomeMarket NewsUS Stock Market LIVE Updates: Dow futures drop 400 points after Trump issues new tariffs; jobs report ahead
US Stock Market LIVE Updates: US stock futures slipped early Friday (August 1) as investors reacted to US President Donald Trump's revised tariff rates and a mixed set of earnings from major tech firms, while awaiting the release of the July jobs report later in the day. S&P 500 futures were down 0.83%, Nasdaq 100 futures dropped 0.99%, and Dow Jones Industrial Average futures declined by 339 points, or 0.77%.
US Stock Market LIVE Updates: US stock futures slipped early Friday (August 1) as investors reacted to US President Donald Trump's revised tariff rates and a mixed set of earnings from major tech firms, while awaiting the release of the July jobs report later in the day. S&P 500 futures were down 0.83%, Nasdaq 100 futures dropped 0.99%, and Dow Jones Industrial Average futures declined by 339 points, or 0.77%. In after-hours trading, Amazon shares fell over 6% after the company issued weaker-than-expected operating income guidance for the current quarter. In contrast, Apple gained 2% after posting better-than-expected earnings and revenue. Meanwhile, just hours before the August 1 “reciprocal” tariff deadline, President Trump rolled out updated levies ranging from 10% to 41%. Goods rerouted through third countries to avoid tariffs will be hit with an additional 40% duty, the White House said.
Watch this space for all the Live updates.
