Stock market today: Live updates

Traders wait for Voyager Technologies to begin trading during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., June 11, 2025.

Brendan McDermid | Reuters

Stock futures fell early Thursday as U.S. President Donald Trump threatened setting unilateral tariffs on trading partners in two weeks.

S&P 500 futures lost nearly 0.6%, while Nasdaq 100 futures were down 0.5%. Futures tied to the Dow Jones Industrial Average were also lower by 284 points, or 0.7%.

Dow component Boeing lost more than 7% in premarket trading after an Air India Dreamliner 787 crashed after takeoff with 242 passengers on board. Shares of Oracle surged more than 7% after the company reported fiscal fourth-quarter results that beat on the top and bottom lines and indicated more cloud growth ahead.

Wall Street continues to wait for for more developments on trade, especially between the U.S. and China, as talks between the two countries have been a focal point this week. Trump said Wednesday he would be willing to extend a July 8 deadline for finishing trade talks with countries before higher U.S. levies take effect, but that the extensions may not be necessary.

“I would, but I don’t think we’re going to have that necessity. We made a great deal with China,” Trump told reporters. “We’re dealing with Japan, we’re dealing with South Korea. We’re dealing with a lot of them. So we’re going to be sending letters out, in about a week and a half, two weeks, to countries, telling them what the deal is, like I did with EU.”

U.S. and Chinese officials reached a framework for future talks in London after two days of discussion this week, but the vague deal outline still awaits approval from Trump and Chinese President Xi Jinping. The two countries did agree to ease some restrictions around rare earth metals and foreign students.

The market is coming off of a losing session on Wednesday, as the S&P 500 snapped its three-day win streak along with the Nasdaq Composite. But the moves were slight. While the day’s losses put the S&P 500 a bit further away from reaching a new record high, the index is also still just more than 2% below its late February record. The previous session’s losses come after consumer prices rose less than expected in May.

“I don’t think the market has a lot of faith that we’re not going to see at least a little bit higher inflation,” Scott Wren, senior global market strategist at Wells Fargo, told CNBC’s “Closing Bell” Wednesday.

“With all the things going on, the economy slowing, earnings growth likely to slow, lots of trade negotiations to still work through, is there really a good reason to take a run at the record high? I don’t know about that. It makes a lot of sense to me that we’d be choppy and maybe see a little downside here,” Wren added.