FX.co ★ U.S. Futures Rise Slightly

U.S. stock futures experienced a slight uptick following a relatively stagnant close on Wall Street on Monday. This movement comes as the market absorbed a credit rating downgrade for the U.S. by Moody’s, alongside the progression of a tax-cut bill that could potentially exacerbate the country's fiscal position. Investors turned their focus to forthcoming comments from various Federal Reserve officials for insights into future interest rate policies.

Simultaneously, Jamie Dimon, CEO of JPMorgan, issued a warning that the economic ramifications of tariffs had not been realized fully and highlighted the possibility of equity markets declining as businesses contend with increased supply costs. Shares of several solar energy companies faced declines after Republican leaders in the House revealed plans to phase out some clean energy tax credits sooner than anticipated.

In corporate news, Best Buy’s stock dropped by 3% following a revised lower price target by Wells Fargo. Investors also eagerly anticipated earnings reports from Home Depot and homebuilder Toll Brothers. Additionally, President Trump criticized Walmart on Sunday for its suggestion of raising prices in response to tariffs, calling on both the retail giant and China to absorb the tariff costs instead.