Traders work on the floor of the New York Stock Exchange (NYSE) on October 13, 2025 in New York City.
Spencer Pratt | Getty Images
U.S. stock futures were little changed Tuesday night, with stocks in volatile trading as traders digested the latest developments in the U.S.-China trade war.
Futures linked to the Dow Jones Industrial Average rose 11 points, almost flatline. S&P500 futures and Nasdaq 100 futures There was almost no change.
The move comes after a volatile day of trading for all three indexes.
of S&P500 tried to rebound from the day’s low on Tuesday, but ultimately closed 0.2% lower after President Donald Trump threatened China with an embargo on cooking oil in late trading in retaliation for Beijing’s failure to buy U.S. soybeans. The benchmark rose as much as 0.4% and fell as much as 1.5% on Tuesday.
of Nasdaq Composite It ended the day down 0.8% after falling 2.1% at its low. of Dow Jones Industrial Average It fell as much as 1.3% on Tuesday morning, bucking the upward trend by 0.4% (202.88 points).
Tuesday’s news was the latest escalation in trade tensions between the United States and China. China on Monday night imposed new sanctions on five U.S. subsidiaries of South Korean shipbuilder Hanwha Ocean. This followed President Trump’s threat last Friday to impose additional 100% tariffs on all goods coming from China after the Chinese government imposed strict export controls on rare earth minerals. U.S. Trade Representative Jamieson Greer told CNBC on Tuesday that President Trump’s tariffs could go into effect on Nov. 1 or sooner, depending on China’s next move.
“A lot depends on what the Chinese do,” Greer said. “They are the ones who chose to do this massive escalation.”
No major economic announcements are scheduled for Wednesday, but investors will be looking forward to another round of corporate results from major U.S. banks. bank of america, morgan stanley, PNC Financial, Abbott Laboratories and ASML It is among the stocks scheduled to report earnings before the bell on Wednesday.
But Wall Street veteran Art Hogan believes that even if profits beat expectations, stocks will likely stay sideways from here and hover around all-time highs as long as trade war uncertainty persists. B. Riley Wealth Management’s chief market strategist also said the U.S. government shutdown is creating another headwind for the market.
“The longer this goes on, the more economic damage there will be upfront. So that’s impacting confidence. It’s likely to impact the guidance for American companies during the conference call,” he told CNBC. “The earnings season may be much better overall than expected, with the percentage of companies beating or raising earnings and so on being normal. But I don’t think that will necessarily be a tailwind until we get closer to reopening the government and perhaps there is more clarity on the trade relationship with China.”
