Stock futures were sliding on Friday as investors mulled President Donald Trump's tariff rate hikes ahead of a jobs report that will give the market a better steer on how much the levies are impacting the U.S. economy.
The moves came after a solid enough July when the S&P 500 climbed 2.2% and the Nasdaq Composite rose 3.7%. The Dow had a tougher time of it, finishing the month up just 36 points, or less than 0.1%.
The S&P 500 has now risen for three months in a row, and the Nasdaq is on a four-month winning streak. August tends to be a quiet time for the market, but worries about tariffs and inflation mean that may not be the case this time.
