LIVE MARKETS-U.S. stocks subdued in early trade

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U.S. STOCKS SUBDUED IN EARLY TRADE

The S&P 500 .SPX and Nasdaq Composite .IXIC are showing modest declines, while the Dow Industrials .DJI is posting a slight advance as investors look for clarity on the tariff landscape.

Weekly initial jobless claims data came in at a seasonally adjusted 227,000, the Labor Department said, slightly below the 235,000 estimate, hinting that employers may be holding on to workers even as other indicators suggest a cooling market.

In the latest developments on duties, President Donald Trump on Wednesday issued tariff notices to seven minor trading partners while also announcing a new 50% tariff on copper and threatening a 50% tariff on exports from Brazil.

In addition, a delegation from India is expected to visit the United States soon for trade talks, while talks with the European Union inch forward.

ConAgra CAG.N shares are stumbling more than 3% after the food company of brands such as Duncan Hines and Birds Eye forecast an annual profit below Wall Street expectations, citing tariff costs.

Investors will also eye a $22 billion Treasury auction of 30-year bonds US30YT=RR later in the session.

Below is your market snapshot:

(Chuck Mikolajczak)

EARLIER ON LIVE MARKETS:

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WHAT NEXT AFTER THE V-SHAPED RECOVERY CLICK HERE

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EUROPE BEFORE THE BELL: TARIFFS AND EARNINGS TOP OF MIND CLICK HERE

MARKETS SHAKEN, NOT STIRRED BY TRUMP'S TARIFFS CLICK HERE