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September E-mini Nasdaq futures (NQU25) are down -0.39%.Stock indexes today are mostly lower, with the S&P 500 and Nasdaq 100 consolidating below Monday's all-time highs.  Tesla is down more than -6% to lead technology stocks lower and weigh on the overall market after President Trump threatened to withdraw subsidies from Elon Musk's companies after Musk criticized the Republican reconciliation bill. The markets are also monitoring progress on trade talks ahead of President Trump's July 9 deadline, and Congress is wrangling over passage of President Trump's tax and spending bill.Elon Musk’s Tesla Makes History With ‘First Time That a Car Has Delivered Itself to Its Owner’This Defense Stock Could Be the Next Palantir. Should You Buy It Now?Cathie Wood Is Pounding the Table on AMD Stock. Should You Buy Shares Now?Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else.The Senate is still considering the Republican reconciliation bill, with Treasury Secretary Bessent predicting the Senate will pass the bill later today.  The reconciliation bill has the debt ceiling hike that is necessary to avert a Treasury default when the Treasury runs out of borrowing authority somewhere between mid-August and late-September.  The dollar index fell to a 3-1/3 year low today as the nonpartisan Congressional Budget Office estimates that the bill would add nearly $3.3 trillion to US deficits over the next decade.  After the Senate passes the bill, it will go back to the House for their consideration.Better-than-expected manufacturing news from China is supportive of global economic growth prospects.  The China June Caixin manufacturing PMI rose +2.1 to 50.4, stronger than expectations of 49.3.On the negative side for stocks is the upcoming earnings season, which begins next week. Bloomberg Intelligence data show that the consensus for Q2 earnings of S&P 500 companies is for a rise of +2.8% year-over-year, the smallest increase in two years.  Also, only six of the 11 S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research.During this holiday-shortened week, the markets will look for additional trade and tariff news along with progress in the passage of President Trump's tax bill.  Later today, the June ISM manufacturing index is expected to climb by +0.2 to 48.7.  Also, today, the May JOLTS job openings are expected to fall -91,000 to 7.3 million. Finally, Fed Chair Powell participates in a panel discussing monetary policy with BOE Governor Bailey, ECB President Lagarde, and BOJ Governor Ueda at the ECB's annual retreat in Portugal. On Wednesday, the June ADP employment change is expected to rise by +90,000.  On Thursday, Jun nonfarm payrolls are expected to climb by +113,000, and the June employment rate is expected to tick up +0.1 to 4.3%.  Also, June average hourly earnings are expected to rise +0.3% m/m and +3.8% y/y.  In addition, weekly initial unemployment claims are expected to climb +5,000 to 241,000, and May factory orders are expected to jump +8.1% m/m.  Finally, the Jun ISM services index is expected to climb +0.7 to 50.6.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,227.42 +29.41 (+0.47%)Dow 3044,484.42 -10.52 (-0.02%)Nasdaq20,393.13 +190.24 (+0.94%)Russell 20002,226.38 +28.84 (+1.31%)VIX16.64 -0.19 (-1.13%)Gold3,369.70 +10.00 (+0.30%)PortfolioSign in to access your portfolioSign inTop gainersBMNR Bitmine Immersion Technologies, Inc. 58.50 +12.50 (+27.17%)BTDR Bitdeer Technologies Group 13.08 +1.78 (+15.75%)RGTI Rigetti Computing, Inc. 13.08 +1.75 (+15.45%)HCC Warrior Met Coal, Inc. 50.34 +5.95 (+13.40%)MARA MARA Holdings, Inc. 17.80 +2.10 (+13.38%)Top losersCNC Centene Corporation 33.78 -22.87 (-40.37%)MOH Molina Healthcare, Inc. 239.00 -67.29 (-21.97%)OSCR Oscar Health, Inc. 16.62 -3.83 (-18.73%)ELV Elevance Health, Inc. 350.25 -45.51 (-11.50%)UNF UniFirst Corporation 171.07 -19.34 (-10.16%)Most activeNVDA NVIDIA Corporation 157.25 +3.95 (+2.58%)INTC Intel Corporation 21.88 -0.97 (-4.25%)F Ford Motor Company 11.77 +0.42 (+3.70%)LCID Lucid Group, Inc. 2.0500 +0.0200 (+0.99%)TSLA Tesla, Inc. 315.65 +14.94 (+4.97%)Earnings eventsTrending tickersORCL Oracle Corporation 229.98 +11.02 (+5.03%)RGTI Rigetti Computing, Inc. 13.08 +1.75 (+15.45%)CNC Centene Corporation 33.78 -22.87 (-40.37%)TLRY Tilray Brands, Inc. 0.4852 +0.0636 (+15.09%)DDOG Datadog, Inc. 135.01 +2.68 (+2.03%)Top economic events