The S&P 500 Index ($SPX) (SPY) today is down -0.56%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.54%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.70%. September E-mini S&P futures (ESU25) are down -0.54%, and September E-mini Nasdaq futures (NQU25) are down -0.71%.
Stocks are under pressure today as trade tensions are back in the forefront, with US trading partners rushing to finalize trade deals with the Trump administration ahead of Wednesday's deadline. On Sunday, President Trump pledged to announce unilateral tariff rates on dozens of countries in the coming days. Mr. Trump also stated that countries aligning with the anti-American policies of the BRICS group of nations (Brazil, Russia, India, China, and South Africa) will face an additional 10% tariff.
