Stock Market Update
02-Sep-25 09:17 ET
Futures point to lower open amid tariff uncertainty
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -71.00. Nasdaq futures vs fair value: -348.00.
The stock market is on track for a lower opening as it begins what is historically the worst month for equities.
NVIDIA (NVDA 169.62 -4.48, -2.5%) is set to open beneath its 50-day moving average (171.13) as the stock continues to slide following mixed reactions to its earnings report last week.
Underperformance in mega-cap names has weighed on the major averages in recent sessions. Currently all of the "magnificent seven" names trade at least 1.0% lower in the pre-market.
Tariff uncertainty is providing an additional headwind after a surge in market rates follwoing Friday's ruling that the majority of President Trump's global tariffs are illegal.
