Dow Futures Decline As Focus Turns To Trump’s Tax Bill Ahead Of July 4 Deadline: Tesla, Meta, Robinhood Among Stocks In Focus

U.S. stocks appear set for a negative opening on Tuesday as investors turn their focus to President Donald Trump’s tax bill ahead of the July 4 deadline.

Senate lawmakers pulled an all-nighter on Monday to work on amendments to finalize the President’s “Big Beautiful Bill,” but consensus among Republicans still seemed distant. However, one amendment passed with bipartisan support – a strike down on the ban of AI regulation by states.

Amid this, President Trump and Tesla Inc. (TSLA) CEO Elon Musk’s feud reignited, with the President threatening to push the DOGE hounds to look into subsidies granted to Tesla and other Musk-led companies.

“Without subsidies, Elon would probably have to close up shop and head back home to South Africa,” President Trump said in a post on Truth Social. “No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE.”

While Dow Jones futures declined 0.12% at the time of writing, the S&P 500 futures were down 0.18%, and the tech-heavy Nasdaq 100’s futures fell 0.23%. Futures of the Russell 2000 index declined 0.3%.

Meanwhile, the SPDR S&P 500 ETF Trust (SPY) fell 0.14%, while Invesco QQQ Trust (QQQ) was up 0.19% on Tuesday morning.

Bitcoin (BTC) declined 1.2% in the past 24 hours.

Asian markets ended Tuesday’s trading session on a mixed note, with the TWSE Capitalization Weighted Stock index leading with gains of 1.32%, followed by KOSPI at 0.58%, and the Shanghai Composite at 0.39%.

The Nikkei 225 index fell 1.25%, while the Hang Seng index was closed for trading due to the Hong Kong Special Administrative Region Establishment Day.

Stocks To Watch

• Tesla Inc. (TSLA): Tesla shares plunged nearly 5% in Tuesday’s pre-market trading session after a feud between CEO Musk and President Trump reignited.
• Meta Platforms Inc. (META): CEO Mark Zuckerberg announced a new “Superintelligence” team at Meta, which will be led by some high-profile hires like Scale AI’s former CEO Alexandr Wang, and former GitHub CEO Nat Friedman, among others.
• Robinhood Markets Inc. (HOOD): Robinhood stock remains in focus on Tuesday, with shares surging nearly 3% in the pre-market session after the company launched tokens in the European Union, allowing them to trade in U.S. stocks.

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Also See: Treasury Secretary Scott Bessent Warns Countries Of Steep ‘Liberation Day’ Tariffs If They Miss July 9 Deadline