Dow Futures Decline After Trump Hits EU With 30% Tariffs: MSTR, Robinhood, Amazon, Warner Bros Among Stocks To Watch

U.S. stocks appear set for a negative opening on Monday after President Donald Trump announced 30% tariffs on the European Union and Mexico, continuing to amp up the tariff war that he reignited this week with letters to more than two dozen countries.

Apart from the EU and Mexico, Trump sent tariff letters to Japan, South Korea, the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, Sri Lanka, Brazil, and Canada.

While Dow Jones futures were down 0.33% at the time of writing, the S&P 500 futures traded 0.32% lower, and the tech-heavy Nasdaq 100’s futures fell 0.34%. Futures of the Russell 2000 index declined 0.32%.

Meanwhile, the SPDR S&P 500 ETF Trust (SPY) was down 0.27% at the time of writing, while Invesco QQQ Trust (QQQ) fell 0.28% on Monday morning. Retail sentiment around the S&P 500 ETF on Stocktwits has been in the ‘bullish’ territory over the past week.

Asian markets ended Monday’s trading session on a mixed note, with the KOSPI leading with gains of 0.82%, followed by the Shanghai Composite at 0.27%, and the Hang Seng index at 0.26%.

The TWSE Capitalization Weighted Stock index fell 0.6%, while the Nikkei 225 declined 0.28%.

Stocks To Watch

• Strategy Inc. (MSTR), Robinhood Markets Inc. (HOOD), Coinbase Global Inc. (COIN): Strategy, Robinhood, and Coinbase stocks will be in focus on Monday after Bitcoin continued to scale new highs, with BTC crossing the $123,000 mark.
• Amazon.com Inc. (AMZN): Amazon said it generated record sales from its extended Prime Day sale last week. According to an estimate by Adobe, U.S. retailers witnessed $24.1 billion during the sale, marking an increase of over 30% year-on-year.
• Warner Bros. Discovery (WBD): The studio’s latest action film, Superman, saw gross collections of an estimated $122 million in the U.S. and Canadian markets during its opening weekend.

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