Dow Futures Decline As Trump’s Tariff War Halts Equity Run: Amazon, Meta, SunRun Among Stocks In Focus

U.S. stocks appear set for a cautious opening on Tuesday as Wall Street digests the new tariffs announced by President Donald Trump against key trade allies, including Japan and South Korea, as well as 12 other countries, ahead of the July 9 deadline.

On Monday, President Trump slapped 25% tariffs on all goods imported from Japan and South Korea starting August 1. He added that this blanket tariff will be applicable over and above any sector-specific levies.

“Please understand that the 25% number is far less than what is needed to eliminate the Trade Deficit disparity we have with your Country,” President Trump said in his letters to both countries.

While Dow Jones futures edged lower by 0.1% at the time of writing, the S&P 500 futures were up 0.1%, and the tech-heavy Nasdaq 100’s futures gained 0.22%. Futures of the Russell 2000 index surged 0.37%.

Meanwhile, the SPDR S&P 500 ETF Trust (SPY) gained 0.14%, while Invesco QQQ Trust (QQQ) was up 0.28% on Tuesday morning. Retail sentiment around the S&P 500 ETF on Stocktwits has been in the ‘neutral’ territory over the past week.

Asian markets ended Tuesday’s trading session on a largely positive note, with KOSPI leading with gains of 1.78%, followed by the Hang Seng index at 1.08%, and the Shanghai Composite at 0.7%.

The Nikkei 225 index gained 0.25%, while the TWSE Capitalization Weighted Stock index fell 0.3%.

Stocks To Watch

• Amazon.com Inc. (AMZN): Amazon’s shares were up 0.25% in Tuesday’s pre-market trading session as the e-commerce giant kicks off the Prime Day sale. This year, it will run for four days instead of two, as it did last year.
• Meta Platforms Inc. (META), Apple Inc. (AAPL): Mark Zuckerberg-led Meta continues to poach talent for its AI efforts, this time landing Apple’s lead artificial intelligence researcher from Apple, Ruoming Pang.
• SunRun Inc. (RUN), NextEra Energy Inc. (NEE), Enphase Energy Inc. (ENPH), First Solar Inc. (FSLR): Clean energy stocks sunk over 5% in Tuesday’s pre-market trading session after the Trump administration said it would enforce the termination of tax incentives earlier than expected.

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