Dow, S&P 500, and Nasdaq futures are falling in premarket trading after the stock market rallied to record highs in the previous session. Investors are weighing up President Donald Trump latest tariff announcements.

The Nasdaq Composite and S&P 500 each established record highs, while the Dow made significant gains on Thursday following the potential 50% tariffs on copper and Brazilian imports.

Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures.The stock market rally erased early losses Thursday to close modestly higher, with the S&P 500 and Nasdaq hitting fresh all-time highs.

The S&P 500 and the Dow edged up on Thursday, brushing off President Donald Trump's latest tariff salvo, while airline stocks soared on the wings of Delta's upbeat forecast. Delta Air Lines jumped 12.

US stock market today opened slightly lower as Dow, S&P 500, and Nasdaq futures paused after a powerful tech rally led by Nvidia, which just hit a historic $4 trillion market value. Meanwhile, President Trumps new tariff threats—including a proposed 50% import tax on Brazil and extra tariffs on BRICS nations—are now in focus.

US stocks mostly turn up, shrug off 50% tariff on Brazil. MP Materials soars on Dept of Defense's big stake. Delta outlook lifts airlines.

The S&P 500 has outpaced the Dow Jones Industrial Average despite President Trump's rejection of exceptions to the Aug. 1 date he set to launch his latest tariffs. Meanwhile, the Nasdaq has had a day in the green.

The strong jobs report also spurred a spike in Treasury yields and reduced expectations for the Federal Reserve to cut interest rates soon.