2 July 2025, 03:12  USA: Futures Steady After Mixed Session.

US stock futures held steady on Wednesday following a mixed performance in the previous session. On Tuesday, the Dow Jones climbed 0.91%, buoyed by strong gains in healthcare stocks such as UnitedHealth (+4.5%) and Amgen (+4.1%). Meanwhile, the S&P 500 slipped 0.11% and the Nasdaq Composite fell 0.82%, pressured by a broad selloff in technology shares. Among the hardest hit were Nvidia (-3%), Tesla (-5.3%), and Palantir (-4.1%). On the policy front, the Senate narrowly approved President Trump’s tax-and-spending bill, sending it back to the House for final consideration. Investors also monitored trade developments, with Trump’s 90-day reprieve on sweeping reciprocal tariffs set to expire next week. Separately, Federal Reserve Chair Powell struck a cautious tone on potential rate cuts, citing tariff-driven inflation risks and emphasizing the need for more economic data before taking further action.

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