President Donald Trump’s latest move to raise tariff tensions has sent U.S. stock futures lower, with promises of setting unilateral tariff rates within two weeks. Despite recent positive trade developments with China, Trump’s unilateral tariff threat has rattled markets. Treasury Secretary Scott Bessent indicated a willingness to extend the current 90-day tariff pause for top trading partners if they show commitment to ongoing negotiations. This news led to a -0.60% drop in Dow futures, a -0.41% decrease in S&P 500 futures, and a -0.35% slip in Nasdaq futures.

Additionally, upcoming inflation data on producer prices is anticipated to show a 2.3% increase annually in May, with a 2.7% rise expected when excluding food and energy sectors. Economists suggest that tariff-related inflation may start showing in business prices before being passed on to consumers.

In corporate news, Oracle reported strong results for the final quarter of its fiscal year, surpassing expectations. The company also projected a more than 70% growth in cloud infrastructure revenue for fiscal 2026, up from a 50% increase in the prior year.

These developments in trade tensions, inflation data, and corporate performance are shaping market sentiment and influencing investor decisions in the current economic landscape.