US pre-open: Futures higher following Friday's heavy losses
By Iain Gilbert
Date: Monday 04 Aug 2025
(Sharecast News) - Wall Street futures were in the green ahead of the bell on Monday following Friday's heavy losses.
As of 1230 BST, Dow Jones futures were up 0.46%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.53% and 0.70% higher, respectively.
The Dow closed 542.40 points lower on Friday as a barrage of weak economic data and the announcement of a whole new set of US import tariffs weighed heavily on stocks.
Futures were pointing to steady gains prior to the open despite a sharp fall on Friday as market participants reacted to a softer-than-expected July jobs report and fresh trade uncertainty following President Donald Trump's latest tariff overhaul, with the White House confirming a sweeping update to its so-called "reciprocal" tariff framework, as new duties ranged from 10% to 41% across dozens of trading partners.
Disappointing labour market figures also raised fresh questions about the strength of the US economy heading into the autumn, with traders reassessing the likelihood of near-term policy easing. Market expectations for a September rate cut have faded, after the Federal Reserve opted to hold interest rates steady for a fifth consecutive meeting last week.
On the macro front, June factory orders data will be published at 1500 BST.
In the corporate space, Palantir will release its latest quarterly earnings report after the close.
Reporting by Iain Gilbert at Sharecast.com
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