Stock futures were little changed on Tuesday evening, as investors await earnings releases from several big banks and the latest wholesale inflation report. Futures tied to the Dow Jones Industrial Average pulled back 76 points, or 0.1%, while S&P 500 futures lost 0.2%. Nasdaq 100 futures slipped 0.2%.

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.

US and European equity futures eased, putting pressure on Asian stocks as fresh US tariff warnings rattled investors.

After Wall Street previously downplayed risks from President Donald Trump's trade war, investors are starting to take his tariff threats more seriously.

Losses in Wall Street futures dragged Asian stocks lower on Monday as the latest round of threats in the U.S. tariff wars kept investors on edge, though the fallout was limited by hopes this was mainly bluster by President Donald Trump.

Futures on Wall Street are continuing from where they left off on Friday, as profit booking continued from higher levels amidst the increasing trade uncertainties. The Dow futures are currently down 200 points,

A flurry of tariff announcements from the White House has driven Wall Street down from its record high. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

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