Wall Street futures steady as trade optimism fades; Fed meet, ‘Mag7’ earnings loom

Author: Ayushman Ojha
Published 07/28/2025, 08:35 PM

Investing.com– U.S. stock futures were little changed on Monday evening after the S&P 500 and Nasdaq notched fresh record closes with marginal gains, as investor enthusiasm over the U.S.-EU trade deal showed signs of fading.

Investors shift attention to a busy week of economic data and major corporate earnings. The spotlight remains on the Federal Reserve’s policy meeting, which begins on Tuesday.

S&P 500 Futures inched 0.1% higher to 6,426.50 points, while Nasdaq 100 Futures gained 0.2% to 23,526.75 points by 20:19 ET (00:19 GMT). Dow Jones Futures traded largely unchanged at 45,000.0 points.

Focus shifts to key economic data and Fed meeting
In the regular trading session on Monday, the S&P 500 rose marginally but still reached another all-time closing high. The NASDAQ Composite closed 0.3% higher, also extending its record run. The Dow Jones Industrial Average edged 0.1% lower on Monday.

The United States and European Union reached a landmark trade agreement over the weekend, a deal that includes a 15% tariff on EU goods entering the U.S.
Meanwhile, top U.S. and Chinese officials held talks in Stockholm on Monday, aiming to resolve key trade disputes and extend their tariff truce by three months.

“In terms of big trade deals yet to be secured, the market will still be on the lookout for deals with Asia (South Korea, Taiwan, India) and perhaps anything new for Mexico and Canada, too,” ING analysts said in a note.

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