The Durable Goods Orders for December, the Case-Shiller Home Price Index for November as well as the FHFA House Price Index for November might get market attention on Tuesday.
Initial trends on the U.S. Futures Index suggest that Wall Street might open moderately higher. Asian shares finished mixed, while European shares are trading positive.
President Trump’s proposal for tariffs on various metals and semi-conductor are closely watched by investors.
In the Asian trading session, gold held steady, while oil recovered hovered near a two-week low.
As of 7.45 am ET, the Dow futures were up 9.00 points, the S&P 500 futures were adding 9.50 points and the Nasdaq 100 futures were gaining 38.00 points.
Currently, the major averages are off their worst levels of the day but still firmly negative. The Nasdaq is down 553.33 points or 2.8 percent at 19,400.97 and the S&P 500 is down 104.36 points or 1.7 percent at 5,996.88.
On the economic front, the Durable Goods Orders for December will be issued at 8.30 am ET. The consensus is for an increase of 0.8 percent, while it was down 1.1 percent in the prior month.
The Case-Shiller Home Price Index for November will be revealed at 9.00 am ET. The consensus is up 0.3 percent, while it was up 0.3 percent in the prior month.
The Federal Housing Finance Agency or FHFA House Price Index for November will be published at 9.00 am ET. In the prior month, the Price Index was up 0.4 percent.
The Consumer Confidence for January is scheduled at 10.00 am ET. The consensus is 106.3, while it was up 104.7 in December.
The Richmond Fed Manufacturing Index for January is expected at 10.00 am ET. In the prior month, the Index was down 10.
The Fed Money Supply for December will be released at 1.00 pm ET. In the prior month, the M2 Level was $21,447.6 billion.
Asian stocks ended mostly lower in thin trade on Tuesday. Hong Kong’s Hang Seng index edged up by 0.14 percent to close at 20,225.11 in holiday-thinned trade.
Markets in China, South Korea, Taiwan, and Indonesia were closed for the Lunar New Year holidays.
Japanese markets led the regional losses. The Nikkei average tumbled 1.39 percent to 39,016.87 while the broader Topix index settled marginally lower at 2,756.90.
Australian markets ended slightly lower. The benchmark S&P/ASX 200 slid 0.12 percent to 8,399.10. The broader All Ordinaries index ended down 0.18 percent at 8,644.50.
European shares are trading lower. CAC 40 of France is progressing 34.23 points or 0.43 percent. DAX of Germany is up 170.34 points or 0.80 percent. FTSE 100 of England is gaining 44.21 points or 0.52 percent. The Swiss Market Index is climbing 83.73 points or 0.67 percent.
Euro Stoxx 50 that provides a Blue-chip representation of supersector leaders in the Eurozone, is up 0.51 percent.
Business News
Wall Street Might Open Moderately Up
2025-01-28 13:13:02
