U.S. stock futures dipped Sunday evening, with S&P 500 futures down 0.5%, Nasdaq 100 futures dropping 1.2%, and Dow Jones futures slipping 0.2%, as investor caution rose ahead of a Federal Reserve meeting and upcoming inflation data. The decline was fueled by President Trump’s announcement of 25% tariffs and sanctions on Colombia following a dispute over repatriation flights, with Colombia threatening reciprocal tariffs on U.S. goods. The tariff escalation could have significant economic impacts, particularly on Colombia’s key exports to the U.S., such as coffee and petroleum. Meanwhile, China’s AI startup DeepSeek launched an efficient AI model, R1, raising competition concerns for U.S. tech firms like NVIDIA, whose stock fell over 3%. Despite this, Wall Street posted gains last week, driven by optimism around Netflix earnings and the S&P 500 rising 1.7%. Investors now await earnings reports from major tech companies, including Meta, Microsoft, and Tesla, alongside key economic indicators like GDP estimates, inflation data, and jobless claims, for further market direction.
