U.S. stock futures fell as President Trump’s rapid shifts in trade policy made investors nervous ahead of the next batch of corporate earnings reports.
Futures for the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) fell 0.1%. Futures for the tech-heavy Nasdaq Composite (NQ=F) fell 0.2%.
U.S. stocks rose on Monday. The market had a volatile week earlier after news that the Trump administration would separate tariffs on major electronics from those on specific countries and implement them at a later date. The president also floated a possible tariff exemption for auto companies, which sent auto stocks soaring.
But any clarity on Trump’s trade policy remained elusive as the president simultaneously moved forward with plans to impose tariffs on pharmaceutical and semiconductor imports.
On Tuesday, investors will be watching corporate earnings in addition to the trade front. Bank of America (BAC), Citigroup (C), Johnson & Johnson (JNJ) and PNC (PNC) will report results before the opening bell.
Traders will be on the lookout for any early signs of how tariff turmoil may affect corporate profits and what guidance, if any, they can offer for the coming quarters.
JPMorgan, the largest U.S. bank, beat first-quarter profit estimates last week on record stock trading and higher debt underwriting and merger advisory fees.
Dimon’s 2024 compensation rises 8.3% to $39 million.
Monday’s filing showed Dimon sold 133,639 shares.
The sale comes as JPMorgan prepares for an eventual leadership transition. Dimon, 69, is one of Wall Street’s most influential figures and has run the bank for 19 years.
The bank’s board said it is focused on succession planning, which Dimon said last year was his most important priority.
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