Overview
- U.S. futures and major indices slipped about 0.5% after President Trump announced a 35% tariff on Canadian imports and floated 15%–20% duties on other trading partners.
- Indian benchmarks Sensex and Nifty extended a three-session slide as global trade-policy uncertainty weighed on sentiment.
- Weekly U.S. initial jobless claims fell to an eight-week low, reinforcing signs of strength in the labor market.
- Shares of Delta Air Lines stayed near recent highs after forecasting stronger profits and Nvidia maintained its valuation above $4 trillion.
- The second-quarter earnings season kicks off Tuesday with JPMorgan Chase’s report, which investors view as a key gauge of trade-war impacts on corporate results.