Dow, S&P 500, and Nasdaq futures are falling in premarket trading. An Nvidia-led rally fades as the stock market react to President Donald Trump threating a 50% tariff on goods from Brazil.

Shares of Microchip Technology Incorporated MCHP rose sharply during Tuesday's session. Mizuho analyst Vijay Rakesh maintained Microchip Technology with an Outperform rating and raised the price target from $78 to $85. Microchip Technology shares jumped 4.1% to $74.36 on Tuesday.

US stock market today took a dip as President Trump announced fresh tariff threats, shaking investor confidence. The Dow, S&P 500, and Nasdaq all closed lower on Monday, with Tesla stock sliding amid political uncertainty.

Markets are seeking clarity on President Trump's tariffs, with the president targeting Aug. 1 for new country-specific tariffs.

Shares of technology companies fell as Elon Musk's latest feud with President Donald Trump weighed on Tesla shares. Shares of the electric car maker slid by almost 7% after Musk vowed to field candidates for a new party in the upcoming mid-term elections, stoking fears of reprisal and distraction.

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

Dow Jones Today: Stocks Tumble from ... Tesla was the big decliner in the S&P 500 on Monday, with shares falling nearly 7% to their lowest level in a month after CEO Elon Musk, ...

The S&P 500 and Nasdaq Composite pulled back from record levels as investors await President Trump’s new trade deals and tariff updates. Tesla shares sank after CEO Elon Musk jumps back into politics.

The Dow Jones average and the other major indexes fell on the stock market today. Tesla tumbled while detention center stocks jumped.