FX.co ★ US Futures Lower

On Wednesday, US stock futures declined, with contracts for the S&P 500, Nasdaq 100, and Dow Jones each dropping approximately 0.8%, continuing the downtrend from the previous day. Investor confidence diminished due to increasing concerns over the US fiscal outlook. This was compounded by President Trump's call for Republicans in Congress to support a comprehensive tax-cut bill, though he has yet to sway key dissenters who could potentially obstruct the legislation. Additionally, frustration over stalled trade negotiations contributed to market apprehension. In the midst of ongoing earnings season, Lowe’s shares increased by about 2.5% in premarket trading following a report that surpassed profit expectations, reaffirming its full-year guidance. Meanwhile, Target rose 1.9% despite falling short of earnings estimates and revising its yearly outlook downward. Notably, large-cap technology stocks showed mixed performances before market opening. Apple, Microsoft, Nvidia, Amazon, and Meta saw declines, while Alphabet and Tesla remained relatively stable.