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Fortune
Fortune
Jason Ma

Stock futures signal fresh highs as tax cuts advance in Senate while Trump balks at extending tariff deadline

Donald Trump Tax Cuts Nasdaq the Labor Department
(Credit: Michael M. Santiago—Getty Images)
  • Stock futures pointed higher on Sunday after the Senate advanced President Donald Trump’s tax cut and spending bill over the weekend. Trump also said he would rather impose tariff rates on countries than extend a temporary pause on so-called reciprocal duties that will expire on July 9. A holiday-shortened trading week will be highlighted by the monthly jobs report.

U.S. markets are poised for new highs as President Donald Trump’s legislative agenda of tax cuts and spending priorities cleared a key hurdle in the Senate, even as he also cast doubt on trade talks.

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