US stock futures held steady as investors weighed improved market sentiment following fresh record highs.
Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) slipped 0.1%.
On Monday, stocks continued a rally that started last week, with the Nasdaq and S&P 500 notching new record highs. Reports of progress on US trade deals with Canada and the European Union boosted Wall Street's mood even as the July 9 deadline for the resumption of President Trump's “reciprocal” tariffs looms.
Read more: The latest on Trump's tariffs
Meanwhile, the Senate is making a final push to advance Trump's signature legislation. A final vote could come as soon as Tuesday even as last-minute changes have pushed the bill's price tag up by nearly $1 trillion.
With markets increasingly optimistic that an interest rate cut from the Federal Reserve could be around the corner, Thursday's job report is in high focus this week. Investors will be watching for signs of cooling in the labor market, which could bolster the case for a cut sooner rather than later.
Trading will end early on Thursday at 1 p.m. ET due to the Fourth of July holiday.
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Stock market coverage for Tuesday, July 01, 2025.
