Markets remained largely unchanged ahead of a significant meeting between U.S. President Donald Trump and Russian President Vladimir Putin. Futures for the S&P 500, Dow Jones, and Nasdaq decreased slightly. Deere & Co. experienced a 7.5% decline in shares after lowering its forecast, despite surpassing sales targets, attributing this to near-term uncertainty. Tapestry's shares fell over 6% due to a poor outlook, forecasting minimal sales growth while facing profit declines from tariffs. Inflation is anticipated to rise to 2.4% in July based on the upcoming wholesale report, and jobless benefits data will reflect U.S. layoffs.
Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq all ticked down less than 0.1% before the opening bell as markets remained largely unchanged.
Deere & Co. shares slid 7.5% after cutting its forecast, despite beating third-quarter sales and profit targets, citing "near-term uncertainty".
Tapestry's shares tumbled more than 6% due to a weak outlook, with a forecast of a small sales increase and a profit hit from tariffs.
Economists expect the upcoming inflation report to show an increase to 2.4% in July, while the weekly jobless benefits report will indicate U.S. layoffs.
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