US Stock Market Live: Dow, Nasdaq futures slip 40 points

US Stock Market Live: US stock futures fell after an appeals court reinstated Trump-era tariffs. Dow Jones futures dropped 40 points, S&P 500 down 10 points, and Nasdaq down 40 points. Talks with China stalled.

US Stock Market Live: Futures on Wall Street have declined after a session that left the street disappointed. An appeals court reinstated the reciprocal tariffs imposed by the Trump Administration, that was termed illegal by the US Trade Court. Futures on the Dow Jones are down 40 points, while those on the S&P 500 and Nasdaq are down 10 points and 40 points respectively. A report from the Wall Street Journal stated that the Trump Administration is looking at efforts that allow for 15% baseline tariff for a 150-day period. Adding to that are statements from US Treasury Secretary Scott Bessent, who said that talks with China have 'stalled' and that both US President Trump and Chinese President Xi Jinping should have a conversation, considering the complexities involved. The regular session saw the Dow Jones end 120 points higher, while the S&P 500 and Nasdaq were supported by Nvidia. Today's session will see the market look forward to the PCE data, which will provide cues for the Fed's rate cut path. Gold prices are consolidating, US Dollar index is back below 100 and Crude prices fell ahead of the OPEC+ meet today. Watch this space for all the Live updates.