Stock futures are slightly up as President Trump's tax cut and spending legislation advanced in the Senate, despite ongoing uncertainties around trade negotiations. Dow futures rose 180 points, a sign of optimism post-record highs. Oil and gold prices showed slight declines. Trump has urged lawmakers to finalize the bill before the July 4 holiday to enhance market forecasts. Another looming deadline involves the expiration of temporary reciprocal tariffs on July 9, affecting investor sentiment. Overall, the mixed economic signals reflect a complex interplay between fiscal policy and trade issues.
"U.S. markets are poised for new highs as President Donald Trump's legislative agenda of tax cuts and spending priorities cleared a key hurdle in the Senate."
"The president has demanded that lawmakers finish the bill before the July 4 holiday, viewing the tax cuts as crucial for boosting the economy and financial markets."
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