September S&P 500 E-Mini futures (ESU25) are trending up +0.24% this morning as investors digested U.S. President Donald Trump’s latest tariff threats and weak economic data, with the focus now shifting to a fresh batch of corporate earnings reports and remarks from Federal Reserve officials.
President Trump escalated his tariff offensive on Tuesday, stating that he will impose higher levies on countries purchasing energy from Russia and announce tariffs on semiconductor and pharmaceutical imports soon. Still, solid corporate earnings and expectations that the Fed will resume interest rate cuts in September are buoying sentiment so far.
