The U.S. stock futures reflected mixed sentiment on Tuesday evening as markets digested the Senate’s narrow approval of President Trump’s ambitious tax-cut bill. A notable sell-off in tech stocks weighed heavily on the market, while the growing rift between Trump and Tesla CEO Elon Musk impacted high-growth stock performance.

Futures Stay Flat Before Tariff Deadline

By 8:16 PM ET, the futures market showed signs of caution:

• S&P 500 Futures: Up by 0.1% to 6,253.75

• Nasdaq 100 Futures: Increased by 0.1% to 22,714.50

• Dow Jones Futures: Rose by 0.1% to 44,829.00

Investor concern lingers as the July 9 tariff deadline approaches. If no trade agreements are reached by that date, reciprocal tariffs of 20% to 50% may return, disrupting global supply chains and amplifying inflationary pressures.

Senate Approves Trump’s Tax Proposal

On Tuesday, the Senate approved a contentious tax-and-spending bill projected to add $3.3 trillion to U.S. debt over the next decade. The bill, favored by Trump, is scheduled to reach the House of Representatives where the administration aims for a signing by July 4.

Watch the Market Reaction to Tesla’s Performance

Tesla (NASDAQ: TSLA) shares endured a steep dive of 5.3% during regular trading, influencing the NASDAQ Composite, which fell by 0.8%. Trump publicly rebuked Musk for gaining from “record government subsidies,” fanning the flames of an ongoing feud regarding EV tax credits and the proposed amendments to federal funding.

Even as Tesla maintains market leadership, the escalating feud creates added instability for investors. Ongoing updates on Tesla’s earnings are critical for monitoring its future performance during this turbulent period, and the Earnings Calendar API can provide timely intelligence on estimates, revenue, and potential surprises.

Recap of Tuesday’s Market Behavior

• The S&P 500 declined by 0.1%

• The NASDAQ Composite dropped by 0.8%

• The Dow Jones Industrial Average observed a rise of 0.9%, uplifted by strength within industrials and financial sectors

Outlook: Rates, Tariffs, and Volatility Ahead

Investors closely monitor reactions from Fed Chair Jerome Powell, who has so far resisted urgent appeals from Trump for aggressive rate cuts. The upcoming days will be significant with a July 4 deadline for tax bill signing, a shortened trading session on July 5, and a pivotal July 9 tariff deadline for trade agreements.

Conclusion:
The financial landscape remains cautious amid political tensions, fiscal policy shifts, and international trade negotiations. With ongoing marketplace volatility, real-time earnings updates and macroeconomic indicators are vital for informed investment decisions.