S&P 500 Futures inched 0.1% lower to 6,319.75 points, Nasdaq 100 Futures fell 0.3% to 23,064.75 points, and Dow Jones Futures were largely unchanged at 44,239.0 points

U.S. stock index futures were slightly down on Tuesday evening after Wall Street ended lower, dragged by weaker-than-expected economic data and fresh tariff threats by President Donald Trump.

Investors also weighed key earnings from AMD, Palantir, and others, as the second-quarter reporting season nears its end.

S&P 500 Futures inched 0.1% lower to 6,319.75 points, while Nasdaq 100 Futures fell 0.3% to 23,064.75 points by 00:10 GMT. Dow Jones Futures were largely unchanged at 44,239.0 points.

In the regular trading session on Tuesday, the S&P 500 fell 0.5%, while the NASDAQ Composite declined 0.7%. The Dow Jones Industrial Average ended 0.1% lower.

Wall Street experienced large swings in the past few sessions, with Friday’s losses on weak jobs data followed by a Monday rebound on Fed rate cut bets.

Stock markets were under pressure on Tuesday as Trump proposed a “small tariff” on pharmaceutical imports, with potential hikes later, and hinted at chip tariffs within a week.

Meanwhile, the Institute for Supply Management’s non-manufacturing purchasing managers’ index unexpectedly fell to a reading of 50.1 in July from 50.8 in the prior month, confounding expectations for a reading of 51.5.

The weak reading on services, which makes up about 80% of economic growth, triggered fresh worries about the economy at a time when many expect that the Federal Reserve will resume rate cuts in September.

Rate cut expectations rose after last week’s weak payrolls data and comments from San Francisco Fed President Mary Daly, who signalled openness to a September cut.