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Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
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Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
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Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
U.S. stock index futures edged lower Tuesday evening after a federal appeals court ruled that President Donald Trump’s tariffs could remain in effect, dampening optimism over a legal challenge to block the duties. The decision adds uncertainty to an already fragile market sentiment, with investors closely watching developments in U.S.-China trade relations.
Futures had briefly turned positive after U.S. and Chinese officials said they had reached a consensus on a trade framework following talks in London. However, the lack of concrete details on key issues like chip export restrictions and rare earth mineral trade kept markets cautious. The framework, tied to a May Geneva deal, now awaits approval from Trump and Chinese President Xi Jinping.
By 20:52 ET (00:52 GMT), S&P 500 Futures fell 0.2% to 6,034.0, Nasdaq 100 Futures declined 0.2% to 21,918.0, and Dow Jones Futures dropped 0.2% to 42,838.0.
The appeals court decision upholding Trump’s "liberation day" tariffs reinforces one of his signature economic policies, despite growing concerns over their long-term economic impact. Recent data shows slowing growth, with both consumers and businesses wary of policy instability and trade tensions.
Meanwhile, Wall Street closed higher on Tuesday, lifted by optimism over improved U.S.-China ties. The S&P 500 climbed 0.6% to 6,038.81, near record highs. The Nasdaq Composite rose 0.6% to 19,714.99, while the Dow Jones gained 0.3% to 42,866.87. Tech stocks, including Nvidia (NASDAQ: NVDA), led gains on expectations that chip restrictions may ease.
All eyes now turn to Wednesday’s Consumer Price Index (CPI) release, with forecasts suggesting a slight rise in inflation. Persistent inflation could pressure the Federal Reserve to maintain higher interest rates, influencing future market direction.
