Wall Street Watches U.S. Trade Talks Amid Senate Voting Marathon
U.S. stock futures fell after Wall Street's record run, as investors tracked U.S. trade developments and a Senate voting marathon on President Trump's tax and spending bill. The bill proposes significant cuts to Medicaid and food assistance to offset tax reductions and has sparked party divisions.
U.S. stock futures dipped on Tuesday following Wall Street indexes reaching record highs, as investors watched unfolding U.S. trade negotiations and a Senate voting marathon concerning President Donald Trump's tax and spending bill.
The S&P 500 and Nasdaq Composite reached all-time closing highs, marking their best quarter in over a year, with trade deals and potential rate cuts buoying investor sentiment. However, debates within Republican ranks highlight disagreements about increasing debt to facilitate the tax cuts.
Amid concerns about trade tensions and economic slowdown, Tesla witnessed a 4.1% premarket drop due to CEO Elon Musk's and Trump's disagreements over the tax bill. Investors continue to monitor geopolitical uncertainties for impacts on economic policies.
(With inputs from agencies.)
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