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

U.S. stock index futures eased on Thursday, a day after markets were supported by Nvidia's fleeting $4 trillion milestone, while investors shifted their focus to upcoming economic data and pivotal trade talks.

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.

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

Futures linked to Canada's main stock index edged higher on Thursday, with investors dismissing U.S. tariff threats and awaiting signs of progress on trade talks.

Nearly 230,000 Americans applied for unemployment benefits last week, fewer than economists had expected, according to the latest weekly jobless-claims data, released Thursday. Also, the number of Americans continuing to collect benefits stood at just under 1.

Trump’s tariffs and the trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

With the deadline for tariffs now moved to August 1, investors are pinning their hopes on negotiations to stave off an all-out trade war. "Market volatility is likely to pick up, but the latest development does not constitute an escalation in the trade war," UBS analysts said.

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However, Robinson provides great value at +1100. He was third in the NFL in rushing in 2024 with 1,456 yards, and he has a favorable schedule in 2025. According to CBS Sports Fantasy Football expert Dave Richard's projections, Robinson has the seventh-easiest schedule for a running back this coming season.