US stock futures lower after stellar second quarter
- - - US stock futures lower after stellar second quarter
Medora Lee, USA TODAY July 1, 2025 at 5:05 AM
U.S. stock futures are lower after posting a stellar second quarter that saw the broad S&P 500 and tech-laden Nasdaq record highs during each of the last two days of the month.
The rally, which ended up pushing stocks to their best quarter in more than a year, was fueled by optimism for more trade deals after recent progress with China and Canada and the passage of the One Big Beautiful Bill.
At 6 a.m., futures linked to the blue-chip Dow slipped -0.12%, while S&P 500 futures dropped -0.26% and Nasdaq futures fell -0.35%.
After the market opens, investors will get a glimpse of how the job market is faring. The Job Openings and Labor Turnover Survey (JOLTS) is due at 9 AM ET. The report tracks job openings, hires and separations including quits, and layoffs.
Television graphics are seen in the window of Nasdaq headquarters in Times Square, as Nasdaq fell nearly 4 percent this morning on January 27, 2025 in New York City. European and Asian stock markets mostly slid Monday and Wall Street was forecast to open sharply lower on talk that a cheaper Chinese generative AI program, DeepSeek, can outperform big-name rivals, notably in the United States. (Photo by Bryan R. SMITH / AFP) (Photo by BRYAN R. SMITH/AFP via Getty Images)Corporate news -
Progress Software's second-quarter sales missed analysts' forecasts but the company's earnings per share topped.
AeroVironment plans to sell $750 million in common stock, as well as $600 million in convertible senior notes due 2030, to repay indebtedness.
Circle Internet Group submitted a bank charter application to the Office of the Comptroller of the Currency, according to Reuters.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at [email protected] and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
This article originally appeared on USA TODAY: US stock futures lower after stellar second quarter
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