Wall Street is coming off a holiday-shortened week during which the S&P 500 and Nasdaq Composite posted fresh all-time highs.

Dow futures fall as President Donald Trumps tariff deadline approaches, raising fresh concerns on Wall Street. With the 90-day pause on reciprocal tariffs ending July 9, Trump officials warn duties could return to their harsh “Liberation Day” levels by August 1 unless new trade deals are signed.

Trump said that about “10 or 12” tariff letters would go out Friday, with additional letters coming “over the next few days.”