Traders work on the floor of the New York Stock Exchange during afternoon trading on August 1, 2025 in New York City.
Michael M. Santiago | Getty Images
Stock futures are little changed Sunday night, with investors once again on edge as the Trump administration’s new round of tariffs heightened worries about rising inflation and an economic slowdown.
S&P 500 futures and Nasdaq 100 futures hovered near the flatline. Futures tied to the Dow Jones Industrial Average added 15 points, or less than 0.1%.
Stocks are coming off of a volatile trading week that saw each of the three major U.S. indexes end with significant losses, halting weeks of mostly positive moves for the broader market.
The S&P 500 ended the week down 2.4%, notching its worst weekly performance since May 23, while the 30-stock Dow Jones Industrial Average dropped 2.9% to post its worst week since April 4. The Nasdaq Composite ended the week down 2.2%.
Friday’s sell-off was driven by a worse-than-expected July jobs report and jitters about President Donald Trump’s new modified tariff rates. Trump signed an executive order late last week that updated his “reciprocal” tariffs on dozens of U.S. trading partners, ranging from Syria to Taiwan, with updated duties ranging from 10% to 41%.
Investors are now digesting what a weakened U.S. labor market could mean for the weeks ahead. Traders are expecting reduced chances for a September interest rate cut after policymakers last week held the benchmark overnight borrowing rate in place for the fifth-straight meeting.
The market is also bracing for a historically weak month. August is the worst month for the Dow Jones Industrial Average in data going back to 1988, and the second worst for the S&P 500 and Nasdaq Composite, according to the Stock Trader’s Almanac.
OPEC+ hikes oil production by 547,000 barrels per day for September
Oil prices slipped on Friday, weighed down by a stronger U.S. dollar and the possibility that OPEC+ will further increase its crude oil output.
Dado Ruvic | Reuters
OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential supply disruptions linked to Russia.
OPEC+ cited a healthy economy and low stocks as reasons behind its decision.
“Given fairly strong oil prices at around $70, it does give OPEC+ some confidence about market fundamentals,” said Amrita Sen, co-founder of Energy Aspects, adding that the market structure was also indicating tight stocks.
In early Asian trade on Monday, Brent crude futures fell 43 cents, or 0.62%, to $69.24 a barrel by 2218 GMT, while U.S. West Texas Intermediate crude was at $66.94 a barrel, down 39 cents, or 0.58%, after both contracts closed about $2 a barrel lower on Friday.
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— Reuters
