Stock futures fall as investors await clarity on trade: Live updates

U.S. banal futures fell overnight arsenic investors tracked rapid-fire developments connected the commercialized front, including caller tariffs announced Monday connected 14 countries.

Dow Jones Industrial Average futures declined by 87 points, oregon 0.19%. S&P 500 futures and Nasdaq 100 futures dipped 0.16% and 0.15%, respectively.

Those moves travel aft a losing league for the large averages. The 30-stock Dow tumbled much than 400 points, oregon 0.9%. The S&P 500 fell 0.8%, portion the Nasdaq Composite slid 0.9%.

Stocks slid aft the latest commercialized updates retired of the White House. On Monday, the president posted letters outlining tariff rates connected 14 countries to spell into effect Aug. 1 that are much terrible than investors were expecting. Those countries deed by caller tariffs are Bangladesh, Bosnia and Herzegovina, Cambodia, Indonesia, Japan, Laos, Malaysia, Myanmar, Serbia, South Africa, South Korea, Thailand and Tunisia.

Those announcements are expected to beryllium the archetypal of respective coming retired of the White House this week. White House property caput Karoline Leavitt said much letters tin beryllium expected successful the coming days. She added that Trump volition motion an enforcement bid to widen his tariff deadline to Aug. 1 from his archetypal commercialized deadline sometime this week.

The president besides threatened an further 10% tariff on countries that align with the "Anti-American policies" of the BRICS nations which see Brazil, Russia, India and China.

Even with the gait of the announcements, galore investors stay assured that the banal marketplace has moved past the worst of the tariffs, hopeful that the upcoming net play could beryllium the catalyst for an S&P 500 astatine all-time highs to proceed its advance.

"If you spell done the details, I don't adjacent cognize if anybody understands the quality betwixt what was announced today, what was determination previously, and if it volition really beryllium implemented, and which companies it really impacts," Trivariate Research CEO Adam Parker said Monday connected CNBC's "Closing Bell."

"So, I deliberation it's conscionable a small spot of selling arsenic we got the highs, and benignant of recalibrating earlier July net season," Parker added. "But I don't deliberation this is the motion of a caller authorities astatine all."

— CNBC's Kevin Breuninger contributed to this report.