{"id":61795,"date":"2025-07-11T12:16:25","date_gmt":"2025-07-11T12:16:25","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/07\/11\/wall-street-likely-to-open-on-weak-note-4\/"},"modified":"2025-07-11T12:16:25","modified_gmt":"2025-07-11T12:16:25","slug":"wall-street-likely-to-open-on-weak-note-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/07\/11\/wall-street-likely-to-open-on-weak-note-4\/","title":{"rendered":"Wall Street Likely To Open On Weak Note"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Lower futures and escalating fears of a global trade war point to a weak start for U.S. stocks Friday morning. <\/p>\n<p>The Dow futures are down 0.61 percent, the S&amp;P futures are lower by about 0.56 percent, and the Nasdaq futures are down 0.5 percent.<\/p>\n<p>Despite ongoing uncertainty about Trump administration&#8217;s trade polices, Wall Street settled on a positive note on Thursday with the Nasdaq and the S&amp;P 500 reaching new record closing highs.<\/p>\n<p>In a Truth Social post Wednesday evening, Trump announced a 50 percent tariff on copper is due to go into effect on August 1st.<\/p>\n<p>Trump also posted several more letters to world leaders on Truth Social revealing plans to increase tariffs.<\/p>\n<p>The Dow closed up 0.4 percent, the Nasdaq edged up 0.1 percent, and the S&amp;P 500 ended 0.3 percent up, on Thursday.<\/p>\n<p>In overseas trading,  Asian shares ended weak in cautious trade on Friday after Trump announced a 35 percent tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20 percent on most trading partners that haven&#8217;t got letters yet.<\/p>\n<p>Trump also said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer.<\/p>\n<p>The major European <span class=\"landLinks\">markets<\/span> are down in negative territory with notable losses, hurt by renewed fears of a global trade war following U.S. President&#8217;s latest tariff announcements.<\/p>\n<p>In commodities, West Texas Intermediate Crude oil futures are up $0.74 or 1.11 percent at $67.31 a barrel. Gold futures are gaining $34.80 or 1.02 percent at $3,360.50 an ounce. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Wall Street Likely To Open On Weak Note<\/a><br \/>\n<br \/>2025-07-11 12:16:25<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lower futures and escalating fears of a global trade war point to a weak start for U.S. stocks Friday morning. The Dow futures are down 0.61 percent, the S&amp;P futures&#8230;<\/p>\n","protected":false},"author":2,"featured_media":61796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1585504256855-6718f7a693ae?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=934&q=80","fifu_image_alt":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-61795","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/61795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=61795"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/61795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/61796"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=61795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=61795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=61795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}