Stock futures fell on Tuesday after the S&P 500 posted a three-day losing streak, with traders weighing concerns over global trade and the fate of the AI trade boom. The Nasdaq-100 futures traded 0.3% lower, while those tied to the Dow Jones Industrial Average slid 57 points.
A decline among tech names on Monday pulled the Nasdaq Composite into negative territory year-to-date, sparking concerns that the AI trade may be over. However, some analysts argue that the boom is still real and will last for two to four years.
President Donald Trump’s latest remarks on trade also weighed on investors. He stated that tariffs on imports from Canada and Mexico “will go forward” after a 30-day moratorium ends.
The focus turned to key earnings reports, including Home Depot’s fourth-quarter figures, which beat analyst expectations but saw the stock shed about 2%. Nvidia is set to report earnings Wednesday after the bell.
Investors are also waiting for the latest U.S. consumer confidence data due out at 10 a.m. ET, with economists expecting a reading of 102.3 for February.
In extended trading, Hims & Hers Health fell over 17% following its quarterly results, which beat expectations but saw its gross margin come in below analyst estimates. Zoom Communications and Cleveland-Cliffs also made moves after hours, with their shares falling about 1% and 2%, respectively.
Stock futures remained flat at the open on Tuesday, with those tied to the S&P 500 and Nasdaq-100 futures trading little changed from Monday’s close.
Source: https://www.cnbc.com/2025/02/24/stock-market-today-live-updates.html