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FX.co ★ US Futures Fall on Tuesday

US Futures Fall on Tuesday

On Tuesday, futures linked to the S&P 500 edged down by 0.2%, while those connected to the Nasdaq 100 decreased by 0.3%. Meanwhile, Dow Jones futures remained relatively unchanged after a subdued trading session on Monday. Investors exercised restraint as they assessed the United States' economic and fiscal conditions, closely monitoring any potential advancements in trade discussions. With a sparse economic agenda for the day, attention shifted to upcoming corporate earnings reports, notably from Home Depot and Palo Alto Networks, alongside comments from several Federal Reserve representatives. Initial statements from New York Fed President John Williams and Atlanta Fed President Raphael Bostic indicated that interest rate cuts are improbable in the short term. In pre-market trading, major tech stocks displayed mixed performance: Apple, Microsoft, Nvidia, Amazon, and Meta saw slight declines ranging from 0.3% to 0.5%, while Alphabet and Tesla rose by 0.2% and 0.6%, respectively.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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