US stock futures rose modestly on Tuesday after a brutal sell-off on Wall Street heightened concerns about the economy’s direction.
Futures linked to the Dow Jones Industrial Average (YM=F) increased by 0.4%, while futures for the S&P 500 (ES=F) rose 0.3%. Nasdaq Composite futures (NQ=F) saw a gain of 0.2%.
On Monday, the three major indexes extended losses from the previous week. The Nasdaq Composite (^IXIC) experienced a sharp 4% drop, mainly due to the underperformance of “Magnificent Seven” stocks.
Concerns About Economic Outlook Intensify
The mood on Wall Street has become increasingly negative as President Donald Trump continues to push forward with his trade war, seemingly undeterred by growing concerns over the health of the US economy. Goldman Sachs became the latest Wall Street firm to lower its economic forecasts, citing the ongoing tariff turmoil.
Delta Airlines (DAL) also cut its forecast for the current quarter on Monday, warning that “macro uncertainty” could impact corporate performance this year. Following the announcement, Delta’s shares fell after-hours.
Key Economic Data to Watch
Investors are awaiting crucial economic data later this week, including the February Consumer Price Index (CPI) report, due on Wednesday, and the Producer Price Index (PPI) on Thursday. These reports are expected to provide further insight into the state of inflation and the broader economy.
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