S&P 500 futures fall slightly as Bessent says several trade announcements are ahead: Live updates

Stock futures fell Monday after the U.S. said that tariffs are set to go into effect Aug. 1, not July 9.

Dow Jones Industrial Average futures added 8 points, or less than 0.1%. S&P 500 futures and Nasdaq-100 futures dipped 0.2% and 0.4%, respectively.

Shares of Tesla shed nearly 7% in Monday’s premarket trading session after CEO Elon Musk announced his intention over the weekend to form a new political party called the “America Party.” Investors have been less than pleased with the billionaire’s foray into politics this year, which some say have damaged Tesla’s brands and sales.

Investors were encouraged by comments from Treasury Secretary Scott Bessent, who said on CNBC Monday that there would be several trade announcements over the next 48 hours.