U.S. stock futures are mixed and little changed after President Donald Trump pushed back his "reciprocal" tariffs deadline to Aug. 1 and announced new duty levels on 14 nations, including Japan and South Korea; Amazon's (AMZN) four-day "Prime Day" sales event kicks off; Tesla (TSLA) shares are in focus after sinking yesterday on CEO Elon Musk's announced formation of a new political party; and Meta Platforms (META) has reportedly hired a top AI executive from Apple (AAPL) amid a push to build a "superintelligence" team. Here's what investors need to know today.
U.S. stock futures are mixed and little changed in premarket trading as investors weigh the extension of the White House's tariffs deadline after indexes fell sharply yesterday. Nasdaq and S&P 500 futures are 0.3% and 0.1% higher, respectively, after falling from record highs Monday. Dow Jones Industrial Average futures are ticking lower. Bitcoin (BTCUSD) is slightly higher at just below $109,000. The 10-year Treasury note yield is rising to about 4.42%. Oil and gold futures are lower.
The White House pushed back its deadline for negotiations on "reciprocal" tariffs from Wednesday to Aug. 1. Bloomberg reported that President Donald Trump said the new deadline was "not 100% firm," and that he was willing to negotiate. Trump on Monday unveiled a series of tariffs that would be applied to at least 14 countries, mostly in Asia, including 25% levies on South Korea and Japan.
Amazon (AMZN) shares are slightly higher in premarket trading as its annual "Prime Day" sales event began Tuesday. The event is expected to boost online spending to a record $23.8 billion across U.S. retailers, according to an Adobe forecast released Monday. After sales hit an all-time high during last year's event, Amazon has extended this year's "Prime Day" to four days from two. Shares of Amazon entered Tuesday up less than 2% in 2025.
Tesla (TSLA) shares are up about 1% in premarket trading after the stock plunged nearly 7% Monday amid continued political activity from CEO Elon Musk. The executive said he was forming a new political party in reaction to President Trump's "One Big Beautiful Bill," which he recently signed into law. Investors worried that Musk's move would further escalate his public feud with Trump and draw the executive's attention away from running the electric vehicle maker. Tesla shares have lost more than a quarter of their value this year.
Meta Platforms (META) has reportedly hired a top artificial intelligence executive from Apple (AAPL) as the social media giant continues its efforts to build out its new AI "superintelligence" group. Bloomberg reported that the Facebook parent hired Ruoming Pang, who was in charge of Apple's foundation models team. Last month, OpenAI CEO Sam Altman said that Meta was offering $100 million signing bonuses to leave the ChatGPT maker. Meta shares are up less than 1% in premarket trading, while those of Apple are little changed.
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