U.S. stock futures fell on Tuesday following Monday’s mixed close. Futures of all the four benchmark indices declined in premarket trading.
Investor anxiety over tariffs and anticipation of Nvidia Corp.’s NVDA earnings this week weighed on the sentiment.
President Donald Trump confirmed on Monday that his administration will proceed with tariffs on imports from Canada and Mexico, despite economic concerns. The decision, initially delayed by a month, will take effect next week, signaling a shift in North American trade relations.
Trump reiterated his stance at a White House press conference, arguing that foreign nations have unfairly benefited from U.S. trade policies and stressing the need for reciprocal tariffs.
Treasury yields slipped on Tuesday. The 10-year Treasury yield stood at 4.34%, while the two-year yield was at 4.12%. According to the CME Group’s FedWatch tool, there is a 95.5% chance that the Federal Reserve will keep interest rates unchanged for the March meeting.
| Futures | Change (+/-) |
| Nasdaq 100 | -0.49% |
| S&P 500 | -0.29% |
| Dow Jones | -0.07% |
| Russell 2000 | -0.28% |
The SPDR S&P 500 ETF Trust SPY and Invesco QQQ Trust ETF QQQ, which track the S&P 500 index and Nasdaq 100 index, respectively, fell in premarket on Tuesday. SPY was down 0.35% to $595.13, and QQQ declined 0.60% to $516.75, according to Benzinga Pro data.
Cues From The Last Session
Information technology, utilities, consumer discretionary, communication services, and utilities dragged the indices on Monday, whereas health care, financials, and real estate sectors advanced.
Alibaba Group Holding Ltd ADR BABA plunged over 10% as Trump’s memo directed the Committee on Foreign Investment to limit Chinese spending and investment. No economic data was scheduled to be released on Monday.
| Index | Performance (+/-) | Value |
| Nasdaq Composite | -1.21% | 19,286.93 |
| S&P 500 | -0.50% | 5,983.25 |
| Dow Jones | 0.076% | 43,461.21 |
| Russell 2000 | -0.78% | 2,178.27 |
Insights From Analysts
“Caution is warranted as we navigate the complex dynamics ahead,” said economist Jeremy Siegel in his weekly market note as he said no economic data but Nvidia’s earnings will be the most significant event this week.
Siegel who was a former professor at the University of Pennsylvania said that investors should remain focused on earnings strength, the trajectory of interest rates, and developments on the tariff front.
“While Growth stocks continue to dominate, any shift in margins or competitive dynamics—especially in AI—could create volatility.
Barchart in an X post shared a graph showing that the S&P 500’s price-to-book ratio has now surpassed the Dot Com Bubble high.
Louis Navellier of Navellier & Associates highlights the growing pressure President Trump is placing on both German and U.S. companies to move operations to the U.S. to avoid higher tariffs.
In line with this, Apple Inc. AAPL made a significant announcement on Monday, committing to invest $500 billion in the U.S. over the next four years, marking its largest domestic investment to date. The tech giant plans to hire 20,000 workers and produce AI servers on U.S. soil.
This move follows a recent meeting between Apple CEO Tim Cook and President Trump, who praised the company’s investment, saying, “He’s investing hundreds of billions of dollars.”
Trump has also threatened a 10% additional tax on imports from China, where Apple manufactures most of its products, including iPhones. Historically, “Trump has traded investment in the U.S. for tariff relief in the past, so it appears that Apple is doing its best to appease the Trump Administration.”
“It’s hard to be too concerned when after the worst week in months the S&P is only 2.4% from all-time highs. The trend remains positive, but Nvidia could have a material impact in the short term, in either direction,” he added.
See Also: How to Trade Futures
Upcoming Economic Data
Here’s what investors will keep on Tuesday:
- Dallas Fed President Lorie Logan will speak in London at 4:20 a.m., ET.
- December’s S&P Case-Shiller home price index for 20 cities will be out at 9:00 a.m., ET.
- February’s consumer confidence data will be announced at 10:00 a.m., ET.
- Fed Vice Chairman for Supervision Michael Barr will speak at 11:45 a.m., ET.
- Richmond Fed President Tom Barkin will speak at 01:00 p.m., ET.
Stocks In Focus:
- Home Depot Inc. HD declined 1.17% in the premarket on Tuesday ahead of its earnings, which will be released before the opening bell. Analysts expect it to report earnings of $3.04 per share on revenue of $39.07 billion.
- Keurig Dr Pepper Inc. KDP advanced 0.44% as Wall Street expects it to report quarterly earnings of 57 cents per share on revenue of $4 billion before the opening bell.
- Workday Inc. WDAY was up 0.41% ahead of its earnings, which will be released after the closing bell. Analysts expect it to report quarterly earnings of $1.78 per share on revenue of $2.18 billion.
- Intuit Inc. INTU dropped 0.13% as Wall Street expects it to report quarterly earnings of $2.58 per share on revenue of $3.83 billion after the closing bell.
- Brera Holdings PLC BREA jumped 118.60% as it entered the eSports market by launching Brera FC’s FIFA® 23 Pro Clubs™ team, joining a select group of just 56 clubs in Italy.
- Wah Fu Education Group Ltd WAFU zoomed 87.15% as it announced plans to integrate DeepSeek, a domestic large language model, into its educational platform to drive AI transformation, focusing on its online education and exam preparation services through two key initiatives.
- Propetro Holding Corp. PUMP fell 2.68% after reporting a fourth-quarter 2024 adjusted loss of 1 cent per share.
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.03% to hover around $70.72 per barrel.
The gold spot index was down by 0.41% to $2,941.04 per ounce easing from the record high of $2,956.37. The Dollar Index was up 0.07% at 106.674 level.
Asian markets ended lower on Monday except India’s S&P BSE Sensex index. Japan’s Nikkei 225, Australia’s ASX 200, China’s CSI 300, South Korea’s Kospi, and Hong Kong’s Hang Seng index declined. European markets were mostly higher in trade.
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