U.S. stock index futures traded in a mixed range early Tuesday, reflecting ongoing market uncertainty after President Donald Trump’s latest round of aggressive tariff announcements. Meanwhile, Amazon’s (NASDAQ:AMZN) four-day Prime Day event is expected to provide a strong lift to digital retail activity.
📉 Market Snapshot: Futures React to Tariff Uncertainty
At 05:30 ET (09:30 GMT):
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Dow Jones Futures dipped 40 points (–0.1%)
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S&P 500 Futures rose 6 points (+0.1%)
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Nasdaq 100 Futures gained 55 points (+0.2%)
This followed a weak Monday session where Wall Street’s major averages fell from record highs, largely due to profit-taking and heightened trade policy risks.
🚨 New Tariff Details: Asia and Africa Targeted
President Trump on Monday released formal tariff letters imposing the following duties:
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25%: South Korea, Japan, Malaysia, Kazakhstan
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30%: South Africa
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32%: Indonesia
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35%: Bangladesh
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36%: Thailand
These new tariffs are set to take effect August 1, a change from the previous July 9 deadline. While speaking to reporters, Trump emphasized the deadline was not “100% firm”, suggesting room for new trade deals.
Notably:
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India and the EU were excluded from tariff letters, hinting at potentially imminent trade agreements.
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Sector-specific duties (e.g., autos, steel, aluminum) will not be combined with the newly announced country-level levies.
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🔗 U.S. Economics Calendar – FMP API
Amazon Prime Day Begins: Digital Retail to Surge
On the corporate front, Amazon (NASDAQ:AMZN) is kicking off its extended four-day Prime Day event, with online spending projected to hit $23.8 billion, a 28.4% jump over last year.
Last year’s two-day event saw:
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$14.2 billion in sales
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11% YoY growth, according to Adobe Analytics
Amazon executives say the longer duration this year responds to customer feedback, with many needing more time to explore and purchase deals.
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🔗 Key Metrics (TTM) – FMP API
What to Watch
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Tariff developments through the week, especially any trade deals with India or the EU
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Prime Day sales results, which could boost consumer and tech stocks
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Thursday’s CPI and nonfarm payrolls, likely to shape future Fed rate expectations
As the markets weigh geopolitical uncertainty against strong consumer spending momentum, volatility is set to persist into the next earnings cycle.
