The Dow Jones index dropped Thursday on surprise jobless claims and retail sales. Nvidia chipmaker TSMC rose on earnings.

Dow futures fall as President Donald Trumps tariff deadline approaches, raising fresh concerns on Wall Street. With the 90-day pause on reciprocal tariffs ending July 9, Trump officials warn duties could return to their harsh “Liberation Day” levels by August 1 unless new trade deals are signed.

Stocks were taken on a wild ride Wednesday as a White House official indicated to CNBC that Trump was moving closer to firing Powell from his post as Fed Chair.

Wall Street is watching for progress on trade talks and on President Trump's massive budget bill in the Senate.

U.S. stock futures were mostly higher Tuesday after Nvidia set it's likely to resume sales of key chips to China, with a key inflation report and bank earnings on the way. Dow Jones Industrial Average futures fell 71 points,

US stock market today opened slightly lower as Dow, S&P 500, and Nasdaq futures paused after a powerful tech rally led by Nvidia, which just hit a historic $4 trillion market value. Meanwhile, President Trumps new tariff threats—including a proposed 50% import tax on Brazil and extra tariffs on BRICS nations—are now in focus.

US stocks recovered from session lows to end Wednesday's trading session higher after President Trump said he's "not planning" to fire Fed Chair Jerome Powell, taking the air out of new reports emerging suggesting he was close to making that decision.

Stock futures are little changed Wednesday ahead of the release of wholesale inflation data as earnings reports from banks and other major companies stream in.