Stock futures are holding steady Thursday morning as investors keep close tabs on developments related to tariffs.

In contrast to independent prognosticators, the Organization of the Petroleum Exporting Countries doubled down on its view that global oil demand will keep rising through mid-century, projecting oil demand of 113.3 million barrels a day in 2030 and nearly 123 million in 2050, up from 103.7 million barrels last year.

Wall Street looked to keep momentum from a tech-fueled rally that saw Nvidia leap to become the world's first $4 trillion public company.

Stock futures are pointing to a slightly higher open on Wednesday after a sluggish start to the week amid uncertainty about U.S. trade policy.

Stock futures were relatively unchanged on Wednesday evening after the S&P 500 recouped some of its losses from this week's tariff-fueled slide. S&P 500 futures traded just above the flatline, along with Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average were also flat.

Dow Futures dip as Trump’s tariff threats stir tension; tech rally, Fed debate, and bond demand shape Wall Street outlook.

US stock market today opened slightly lower as Dow, S&P 500, and Nasdaq futures paused after a powerful tech rally led by Nvidia, which just hit a historic $4 trillion market value. Meanwhile, President Trumps new tariff threats—including a proposed 50% import tax on Brazil and extra tariffs on BRICS nations—are now in focus.

Trump slapped a 50% tariff on Brazil, and Brazilian President Luiz Inacio Lula da Silva said his country would respond.

Wall Street is coming off a holiday-shortened week during which the S&P 500 and Nasdaq Composite posted fresh all-time highs.

Dow futures fall as President Donald Trumps tariff deadline approaches, raising fresh concerns on Wall Street. With the 90-day pause on reciprocal tariffs ending July 9, Trump officials warn duties could return to their harsh “Liberation Day” levels by August 1 unless new trade deals are signed.

Nvidia chipmaker Taiwan Semi reported strong sales while Delta stock flew on Q2 results. On Wednesday, Nvidia stock briefly topped a $4 trillion market cap while AI plays Astera Labs and Rubrik flashed buy signals.