U.S. futures were broadly lower on Monday as uncertainty lingered after the Supreme Court struck down most of President Donald Trump’s sweeping tariffs late last week.
Futures for the S&P 500 lost 0.5%, while futures for the Dow Jones Industrial Average dropped 0.6%. Nasdaq futures fell nearly 0.7%.
Novo Nordisk shares took a beating after the Danish drugmaker said trial results of its next generation weight loss drug CagriSema fell short of those of a similar drug made by rival Eli Lilly. Novo shares slid more than 13% in premarket trading. Eli Lilly shares rose 3.5%.
Domino’s climbed nearly 5% after the pizza delivery chain said it expects its market share to further expand in 2026 after posting strong same-store sales figures for the fourth quarter.
Despite Friday’s Supreme Court ruling, tariffs aren’t going away. Trump said Friday he would use other avenues to tax imports, such as an executive order imposing a 10% global tariff that he later raised to 15%. He said he’s looking at other tariffs, including ones that would require Commerce Department investigations.
Trump administration officials said they expect other countries to abide by tr