Stock futures fall on concerns over U.S.-China trade fallout

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Stock futures fall on concerns over U.S.-China trade fallout
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U.S. stock futures fell on Tuesday as investors worried over a hit to earnings f...

Stocks have retreated from their recent highs since a robust June jobs report on Friday tempered expectations of an aggressive 50 basis point rate cut by the Fed at its July policy meeting.

Focus this week will be on the Fed chief Jerome Powell’s remarks at his two-day testimony before the Congress, starting Wednesday. Also due on Wednesday is the central bank’s June policy meeting minutes.

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