https://x.com/ETNOWlive/status/1939869541829595501
U.S. equity futures fell early Tuesday, marking a subdued start to the second half of 2025 after significant gains in the prior quarter. Futures tied to the Dow Jones Industrial Average slipped 60 points, or 0.1%, while the S&P 500 and Nasdaq Composite both edged down 0.3%. The broad market S&P 500 advanced 0.5% on Monday, posting another record close, with the tech-heavy Nasdaq Composite also rising to fresh all-time highs by gaining 0.5%.
The blue-chip Dow Jones Industrial Average climbed 275.50 points, or 0.6%. Monday’s movements in the market followed significant announcements related to trade negotiations.
https://x.com/ETNOWlive/status/1939865522918793596
Canada rescinded a new levy to facilitate trade discussions with the U.S., coming after President Donald Trump declared an end to all trade talks with Canada.
https://x.com/C_Barraud/status/1939906158632083515
Investors are hopeful for renewed trade deals between the United States and its trading partners as President Trump’s tariff policies are set to expire next week. Stocks have rebounded remarkably after steep declines in April due to these tariffs, with the S&P 500 attaining a 10.6% gain and the Nasdaq climbing nearly 18% during the last quarter. Despite mixed sentiments, some investors remain optimistic.
Mike Wilson, chief U.S. equity strategist and investment officer at Morgan Stanley, expressed confidence in a continued market surge.
https://x.com/amacker/status/1939807511441547725
“With the Fed cutting in the second half of this year or next year, we can see a rolling recovery,” Wilson said. “There’s quite a bit of pent-up demand, particularly in interest rate-sensitive sectors like manufacturing and housing.”
Traders are closely watching for key economic indicators due out Tuesday morning.
The S&P Global Purchasing Managers’ Index, scheduled for 9:45 a.m. ET, will offer insight into the manufacturing sector’s activity.
U.S. equity futures dip slightly
This will be followed by the ISM Manufacturing Report at 10 a.m. The Job Openings and Labor Turnover Survey (JOLTS) will also be released.
European shares opened tentatively higher on Tuesday. The pan-European Stoxx 600 was trading around 0.1% higher, although it has been oscillating since the session’s start. Most sectors are trading in the green, with utilities stocks leading with around a 1% rise.
In Asia, markets exhibited mixed performances. Japan’s Nikkei 225 fell 1.24%, while South Korea’s KOSPI gained 0.58%. Australia’s ASX 200 ended flat, and Hong Kong markets were closed for a public holiday.
Goldman Sachs has adjusted its outlook for Federal Reserve rate cuts, now expecting them to begin in September instead of December. Chief U.S. economist David Mericle cited smaller-than-expected tariff effects and stronger disinflationary forces as reasons for the move. Goldman now anticipates three 25 basis point cuts this year.
Several companies made notable moves in after-hours trading. Drone maker AeroVironment’s shares dropped more than 6% following its announcement to issue $750 million in common stock to repay debt. Progress Software shares fell 3% after reported sales of $237.4 million, which slightly missed expectations.
Stay tuned for further updates as the trading day progresses.
