Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now
Updated 1 min read
In This Article:
US stock futures climbed on Tuesday, pointing to the start of recovery from another brutal sell-off as investors’ worries about economic growth deepened.
Futures on the S&P 500 (ES=F) and the Dow Jones Industrial Average (YM=F) both rose around 0.3%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) moved up 0.5%.
On Monday, the three major indexes built on losses from the previous week, with the Nasdaq Composite (^IXIC) falling 4% to log its worst daily loss since 2022 as the “Magnificent Seven” megacaps faltered.
CBOT – Delayed Quote USD
As of 6:12:38 AM EDT. Market Open.
YM=F ES=F NQ=F
The mood on Wall Street has grown increasingly foreboding as President Donald Trump presses on with his fast-moving trade war, undeterred by concerns over the health of the US economy. Monday’s market meltdown coincided with an upending in investors’ thinking on economic growth, as the likes of Goldman Sachs slash economic forecasts.
Read more: The latest on Trump’s tariff plans
Delta Airlines (DAL) cut its outlook for the current quarter late Monday, citing “macro uncertainty,” in an early read on how a gloomy economic mood could weigh on corporate performance this year. The airline company’s shares tumbled in premarket trading
Investors are anticipating a pulse check on the state of inflation later this week, with February’s Consumer Price Index (CPI) print due Wednesday and a reading on the Producer Price Index (PPI) set for Thursday.
LIVE 3 updates
-
Wall Street’s 2025 forecasts are falling apart for one simple reason
Yahoo Finance’s Josh Schafer reports:
-
Gold rebounds as investors weigh US outlook, tariff concerns
Gold (GC=F) rose past $2,900 an ounce as Wall Street’s sell-off eased, though investor concerns over the US economy persisted.
Bloomberg News reports:
-
In the second Trump administration, the Vice President talks to the stock market
President Donald Trump has taken a different approach to the stock market during his second term in office.
Namely: he appears to have outsourced the responsibility.
And after a sharp sell-off across the stock market on Monday saw post-election gains across the major indexes and several key tech stocks that have powered the market wiped out, it was not the president, but rather the vice president that appeared to do the talking to investors.
In a post on X, the social media platform owned by Elon Musk, a key member of Trump’s administration, Vice President JD Vance said companies that build in the US will be rewarded; for companies building outside the US, “you’re on your own.”
Last week, the president said, “I’m not even looking at the market” as the rollout of his tariff policy shook investor confidence.
Unlike his first term in office, Trump has also not spoken explicitly about the Federal Reserve and his view on policy. (Last time around, Trump repeatedly called for lower rates.)
Instead, Treasury Secretary Scott Bessent has repeatedly expressed a view that Treasury yields should be lower amid Trump’s push to clean up the federal budget and rein in spending across the government.
Given the speed and depth of the market’s sell-off since hitting record highs on Feb. 19, however, we’ll see how long the president can hold this new line.
