US stock futures traded flat as investors faced the tough reality that despite trade tensions easing President Trump's tariffs still stand to deal a blow to the economy.

Asian markets fell Thursday, following Wall Street lower as concerns over a new U.S. budget bill and ballooning deficit pressured sentiment. Japan’s Nikkei lost 0.8%, South Korea’s Kospi dropped 1.2%, Hong Kong’s Hang Seng also shed 1.2%, and China’s Shanghai Composite slipped 0.1%.

U.S. stock futures are little changed after indexes tumbled Wednesday, bitcoin crosses $110,000 for the first time, and Snowflake shares soar after the cloud software provider issued a rosy full-year revenue forecast.

US Stock market today opened with a cautious rise as Dow, S&P 500, and Nasdaq futures edged up while investors closely track Trump’s new tax bill and rising debt worries. The proposed legislation, which could add trillions to the $36 trillion deficit,

Fears have grown that a new U.S. budget bill would put even more stress on the country’s already large deficit.

Stock futures moved lower Thursday after major indexes posted steep declines yesterday amid mounting concerns about the federal deficit as a budget bill works its way through Congress.

US stock futures showed little movement as markets digested the House passage of Trump’s tax bill, which could add $3.8 trillion to national debt. Investors remained cautious following a recent selloff triggered by rising Treasury yields and debt concerns.

U.S. stocks could see listlessness on Thursday as they strive to make a comeback from the previous session's sharp sell-off. Traders are likely to keep a close watch on bond yields and any tariff-related announcement while staying focused on a couple of manufacturing activity readings and job market data.

Fears have grown that a new U.S. budget bill would put even more stress on the country’s already large deficit.