US pre-open: Futures higher as Trump's tariff deadline draws nearer
By Iain Gilbert
Date: Monday 21 Jul 2025
(Sharecast News) - Wall Street futures were in the green ahead of the bell on Monday as traders digested trade headlines and looked ahead to earnings from some of the biggest names in tech.
As of 1200 BST, Dow Jones futures were up 0.27%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.28% and 0.30% firmer, respectively.
The Dow closed 142.30 points lower on Friday as risk appetite scaled back with markets trading at record highs.
Trade was once again in focus prior to the open on Monday as the White House reiterated its position on tariffs, with commerce secretary Howard Lutnick saying on Sunday that 1 August was the Trump administration's "hard deadline" for other nations to begin paying tariffs.
However, he also said that "nothing stops countries from talking to us after 1 August, but they're going to start paying the tariffs on 1 August." Trump's tariff deadline has moved multiple times since his so-called "reciprocal" tariffs were announced on 2 April - which he branded "Liberation Day".
On Monday's earnings slate, Verizon and Domino's Pizza were both slated to report their latest quarterly figures before the day is done.
Market participants were also patiently awaiting earnings reports from the likes of Alphabet and Tesla later this week.
No major data points were scheduled for release on Monday.
Reporting by Iain Gilbert at Sharecast.com
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