Bessent says US trade deal with India is very close

The stock market is off to a cautious but slightly optimistic start today, with Dow futures ticking upward. All eyes are on two key data points—Tesla’s latest delivery numbers and the ADP private payroll report—which could give traders a clearer sense of where the economy (and certain high-profile stocks) are headed.

European stock markets are climbing today as investors remain hopeful about global trade progress. Meanwhile, all eyes are on upcoming eurozone unemployment figures, which could signal how the region's economy is holding up.

President Trump is hitting roadblocks in his trade negotiations, and the stalled talks with Japan are a prime example. Despite his confidence—famously stating, "We can do whatever we want"—progress has been slow, casting doubt on whether deals will materialize by next week’s deadline. Many nations are proving tough to sway, leaving the administration’s trade agenda in limbo.

The solar industry is pushing back against a Republican-led policy bill, warning that it could stifle domestic solar manufacturing and hand over more production to China. Industry leaders argue the bill lacks incentives to boost U.S. solar production, which could leave America dependent on foreign suppliers.

Republicans in Congress are pushing to slash funding for electric vehicle (EV) programs, and experts warn this could seriously hurt U.S. automakers' ability to compete with China. China's already surging ahead in EV production, and without strong federal support, American companies might fall even further behind in the global race for clean car dominance.