Stock futures rose on Monday, kicking off the week in search of more records as Wall Street looked to continue its furious bull run.
Dow Jones Industrial Average futures (YM=F) and futures tied to the S&P 500 (ES=F) edged up 0.2%, while those on the tech-heavy Nasdaq (NQ=F) rose 0.1%.
Wall Street is coming off a week that saw the Nasdaq Composite (^IXIC) notch two consecutive records at its end. The S&P 500 (^GSPC), meanwhile, just missed a record close on Friday.
Tech stocks overperformed as Apple (AAPL) posted its best week since 2020 on the heels of its White House spotlight with President Trump. Nvidia (NVDA) also closed Friday at a fresh record amid signals from Trump that Big Tech companies could avoid looming chip tariffs.
Read more: The latest on Trump's tariffs
Trump claimed that his tariffs are having a “huge positive impact on the stock market,” though Wall Street is still navigating the twists and turns in his trade policy. His sweeping duties on dozens of trade partners went into effect last week. Now, investors are turning their attention to his previewed sectoral duties on semiconductor and pharmaceutical imports, as well as a looming Tuesday deadline to extend a tariff pause with China.
Wall Street will get another glimpse this week into how those tariffs are affecting price pressures in the US. The Consumer Price Index is set for release on Tuesday, followed by the Producer Price Index on Thursday and retail sales data on Friday. Inflation reaccelerated in June, and economists have warned that the tariffs will likely continue to seep into price data in the coming months.
Read more: Live coverage of earnings season
The inflation data will be closely watched by the Fed, which is in focus after Trump nominated ally Stephen Miran to a seat on the central bank's board. Investors are pricing in around a 90% chance the Fed cuts rates in September, and a plurality have priced in the equivalent of three cuts by the end of the year.
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Stock market coverage for Monday, August 11, 2025.
