S&P 500 futures exhibited minimal fluctuations on Tuesday evening following the announcement by President Donald Trump regarding the achievement of a trade agreement with Japan. S&P 500 futures associated with the broad market index experienced an increase of 0.10%, whereas the Dow Jones Industrial Average futures rose by 70 points, reflecting a 0.16% gain. Futures for the Nasdaq 100 hovered around the neutral point.
On Tuesday night, stock futures experienced a slight uptick following a statement from Trump on Truth Social, where he announced that the U.S. had finalized a “massive Deal” with Japan. The agreement stipulates “reciprocal” tariffs of 15% on the nation’s exports to the U.S. These movements come after a second consecutive day ending at a peak for the index, which experienced a modest increase of 0.06% during the session. Tuesday represented the 11th closing record of 2025 for the benchmark index. The 30-stock index experienced an increase of nearly 180 points during the session. The tech-heavy index experienced a decline of approximately 0.4%, influenced by a downturn in semiconductor stocks.
“There’s not a lot of optimism,” stated Ryan Detrick, chief market strategist at Carson Group, during an appearance on CNBC’s “Closing Bell.” However, “we said there’d be a summer rally.” It lacked widespread appeal. It is occurring. It is our assessment that the situation has not reached its conclusion,” he added. Market participants are anticipating the earnings reports from Alphabet and Tesla, which are scheduled for release on Wednesday after market close. The initial reports of the earnings season from the megacap technology sector are noteworthy, as this group has garnered significant attention due to its market leadership in recent years.
In addition to the developments within major technology firms, market participants will be attentive to the earnings reports from Hasbro prior to the market opening, and subsequently, those from Chipotle Mexican Grill and Mattel after the market has closed. These releases occur during a particularly active earnings week. Of the approximately 17% of companies within the S&P 500 that have reported thus far this season, around 85% have delivered earnings that exceeded the forecasts set by Wall Street. In the realm of economic indicators, market participants will be attentive to the forthcoming data on existing home sales, scheduled for release on Wednesday morning.