U.S. stock futures are pointing lower as investors prepare for more tariff developments this week; President Donald Trump threatens supporters of BRICS nations with an additional 10% levy; Tesla (TSLA) shares sink after Trump criticizes CEO Elon Musk’s announcement that he would form a new political party; OPEC+ members again agree to raise oil output levels; and Datadog (DDOG) shares are in focus after soaring 15% last session on news the stock would be added to the S&P 500 later this week. Here’s what investors need to know today.
1. US Stock Futures Point Lower as Investors Watch for Tariffs Update
U.S. stock futures are pointing lower as investors await news on U.S. tariffs ahead of this week’s deadline for trade negotiations. S&P 500 and Nasdaq futures are down 0.3% and 0.4%, respectively, after the indexes closed at record highs for the fourth time in five trading sessions last Thursday. Dow Jones Industrial Average futures are little changed. Bitcoin (BTCUSD) and the 10-year Treasury note yield are near flat. Gold futures are about 1% lower.
2. Trump Threatens BRICS Supporters With Extra Tariff
President Donald Trump threatened to impose an additional 10% tariff on countries that he said support “anti-American” policies of the BRICS group of emerging economies. The threat comes as the 11-nation group holds a two-day meeting in Brazil. Trump also posted Sunday that he will start sending out “UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World” starting noon ET Monday, two days ahead of the deadline for the U.S. to negotiate new deals with trading partners following a 90-day pause on the elevated “Liberation Day” tariffs.
3. Tesla Stock Sinks After Trump Criticizes Musk’s ‘America Party’
Tesla (TSLA) shares are sinking roughly 7% in premarket trading after CEO Elon Musk announced he would form a new political party in an escalation of his feud with President Donald Trump. Musk on Saturday announced the formation of the “America Party” after a July 4 poll on his X platform indicated 65% of responders supported the move. On Sunday, Trump wrote on his Truth Social network that third political parties “have never succeeded in the United States,” and that Musk had gone “off the rails.”
4. OPEC+ Members Agree to Raise Oil Production Level Again
Eight members and allies of the Organization of the Petroleum Exporting Countries, often referred to as OPEC+, agreed to increase oil production levels over the weekend. The group, which raised output levels by 411,000 barrels per day in June, said it would increase production by 548,000 barrels per day in August. West Texas Intermediate crude prices are little changed at around $67 a barrel.
5. Datadog Stock in Focus After Soaring on News of Firm’s S&P 500 Inclusion
Datadog (DDOG) shares are in focus after the cloud monitoring company’s stock soared nearly 15% Thursday on news it would be included in the S&P 500 starting Wednesday. Datadog shares lost more than half their value between December and April but have nearly doubled from their 2025 low and are up about 9% since the start of the year entering Monday. Datadog shares are about 1% lower in premarket trading.
