U.S. stock futures edged lower Thursday as the market continues to digest information regarding the Supreme Court’s assessment on the U.S. President Donald Trump global tariffs after the verbal hearing, amid subdued movement in the tech segment.
As of 4:29 P.M. (GMT+7), futures for the Dow Jones Industrial Average dipped 0.01%, or 4.80 points, to 47,315.80 points while S&P 500 added slightly by 0.04%, or 2.40 points, to 6,798.70 points. Nasdaq 100 futures, however, slipped down by 0.02%, or 3.90 points, to 25,616.10 points, following Wednesday’s rebound, which had been propelled by encouraging labor market data and renewed enthusiasm for tech stocks.
Markets were attuned to signals from the Supreme Court, where several justices voiced doubts about the legal validity of Trump’s broad tariff measures. Should the court rule against the tariffs, it could lead to their reversal—potentially reshaping U.S. trade dynamics and affecting domestic spending patterns.
Investors’ attention is also turning to Tesla’s shareholder meeting at 4 P.M. ET. The central point of focus will be CEO Elon Musk’s proposed trillion-dollar compensation package, though several critical matters related to the electric vehicle company are up for discussion. The results could influence the market’s view on whether leading technology names—referred to as the “Magnificent Seven,” including Tesla—can maintain their drive behind this year’s stock gains.
A recovery in AI-related stocks on Wednesday helped broader indices recoup from losses earlier in the week, but concerns remain over inflated valuations in the artificial intelligence sector as investment remains at exceptionally high levels.
The corporate earnings season continues, with updates from Warner Bros. Discovery, Airbnb, and Moderna expected on Thursday.
