Wall Street futures mixed ahead of crucial US jobs data and looming tariff deadline
By TERESA CEROJANO and MATT OTT Associated Press Wall Street futures are largely unchanged Wednesday and with little corporate news or earnings reports during the holiday-shortened week There may also be a pullback ahead of critical U S employment information that arrives Thursday and a looming U S tariff deadline next week Futures for the S P are flat before the bell while futures for the Dow Jones Industrial Average rose just Nasdaq futures ticked down Markets in Japan declined anxious over a lack of progress in exchange talks with the U S ahead of a July deadline to make deals or face higher tariffs Related Articles Explosion at a California fireworks warehouse sets off fires and forces evacuations In current times in History July Civil Rights Act signed into law FBI says it plans to move headquarters to different location in Washington Son of El Chapo to plead guilty in US drug trafficking development Cultlike Zizian group member charged in limit agent s death seeks delay in death penalty decision Stephen Innes managing partner at SPI Asset Management pointed to President Donald Trump s declaration that there will be no extension of his tariff pause The message was blunt if Tokyo won t yield it will pay Tariffs of or whatever number we determine are now openly back on the table Innes noted The negotiating table just became a pressure cooker The Nikkei in Tokyo closed lower at In Washington Republican leaders in the House are hustling to get a Wednesday vote on Trump s tax and spending cuts package The bill passed the Senate - on Tuesday thanks to Vice President JD Vance s tiebreaking vote Various economists fear that if the bill becomes law it would send the U S authorities s debt spiraling higher igniting another bout of inflation That in turn could mean interest rates would remain elevated and drag down prices for bonds stocks and other investments With markets closed on Friday for the Fourth of July the June jobs statement was moved up a day to Thursday and will coincide with the Labor Department s weekly material release on layoffs In corporate news Paramount Global has agreed to pay million to settle a lawsuit filed by President Trump over the editing of CBS Minutes interview with then-Vice President Kamala Harris in October Paramount shares were largely unaffected by the news rising about before the bell Paramount described media outlets the settlement did not include an apology and that the money will go to Trump s future presidential library not to the president himself Elsewhere at midday in Europe Germany s DAX rose while the CAC in Paris added Britain s FTSE inched up In Asia Hong Kong s Hang Seng advanced to and the Shanghai Composite index edged lower to South Korea s KOSPI fell to after the authorities communicated that inflation rose in June Australia s S P ASX climbed to Taiwan s Taiex edged up while the Sensex in India lost In vitality trading benchmark U S crude added cents to per barrel Brent crude the international standard climbed cents to per barrel The U S dollar rose to Japanese yen from yen The euro slid to from
