Stock futures rose slightly Wednesday as investors monitor the latest tariff updates from President Donald Trump. Futures tied to the Dow Jones Industrial Average added 98 points, or 0.2%. S&P 500 futures moved up 0.2% along with Nasdaq-100 futures. Traders were on guard during Tuesday’s session as Trump rolled out new updates to his tariff policy. The S&P 500 inched down 0.07%, while the tech-heavy Nasdaq Composite added 0.03%. The 30-stock Dow lost nearly 0.4%. Global stock markets, in particular the Nikkei 225 in Japan and South Korea’s Kospi and Europe’s Stoxx 600 index, posted modest gains just a day after Trump announced sharp tariffs on 14 countries. On Tuesday, Trump said in a Truth Social post that there would be no change or extensions on the raft of duties he announced on those nations, which include Japan and South Korea. The new tariff rates range from 25% to 40% and are set to begin on Aug. 1. Trump on Tuesday also announced a 50% levy on copper imports and hinted that further sector-specific tariffs will soon be announced. He threatened Tuesday afternoon to impose up to 200% tariffs on pharmaceuticals imported into the U.S., but said that he will “give people about a year, year and a half” until the duties go into effect. “The tariff announcement was a reminder that markets are not out of the woods. The White House has not really achieved their goals on trade, and that could be a continued source of volatility,” said Scott Helfstein, Global X head of investment strategy. In addition to watching further tariff policy developments on Wednesday, traders will be monitoring the release of the Federal Open Market Committee’s minutes from its last meeting. U.S. Treasury yields were lower on Wednesday as investors monitored the latest tariff developments after President Donald Trump sent letters dictating new tariff rates to at least 14 countries. The 10-year Treasury yield was down 1 basis point at 4.407%, and the 30-year bond yield was nearly 2 basis points lower to 4.931%. The 2-year Treasury yield was also down 1 basis point at 3.897%. Japanese and South Korean stocks ended the day higher. Japan’s Nikkei 225 benchmark added 0.33% to close at 39,821.28, while the broader Topix index increased by 0.41% to 2,828.16. The best performing stocks in the Nikkei 225 index were Sumitomo Pharma which surged 7.72%, Omron Corp which gained 6.65% and Nissan Chemical which rose 6.01%. Meanwhile, South Korea’s Kospi index increased by 0.6% to close at 3,113.74 while the small-cap Kosdaq added 0.78% to 790.36. Oil prices climbed on Wednesday, maintaining their highest levels since June 23, lifted by attacks on shipping in the Red Sea, along with concerns over steep U.S. tariffs on copper and a forecast for lower U.S. oil production. Brent crude futures gained 48 cents, or 0.7%, to $70.63 a barrel. U.S. West Texas Intermediate crude was up 51 cents, or 0.8%, to $68.84 a barrel. After months of calm in the Red Sea, attacks in the major global shipping lane were renewed in the past week, which sources attribute to Yemen’s Iran-allied Houthi militia. Gold prices extended their fall to a more than one-week low on Wednesday, with investors favoring the dollar after U.S. President Donald Trump’s latest tariff threats raised fears of a global trade war. Spot gold was down 0.4% at $3,285.92 per ounce, its lowest level since June 30. U.S. gold futures fell 0.7% to $3,293.80. “The dollar has stabilised a little bit, and bond yields have risen as well, which kind of reduces the appeal of low-yielding assets like the Japanese yen, gold,” said Fawad Razaqzada, market analyst at City Index and FOREX.com. The U.S. dollar index rose 0.2% after hitting a two-week high in the previous session, while the yield on benchmark 10-year U.S. Treasury notes hovered near a three-week high, denting non-yielding bullion’s appeal.