The Conference Board’s report on consumer confidence for February might be the focus on Tuesday. The U.S. trade measures against China, Canada and Mexico are rekindling new fears among investors.
As of 7.45 am ET, the Dow futures were adding 41.00 points, the S&P 500 futures were losing 3.00 points and the Nasdaq 100 futures were sliding 36.00 points.
The U.S. major averages finished broadly lower on Monday. Dow inched up 33.19 points or 0.1 percent to close at 43,461.21, the S&P 500 fell 29.88 points or 0.5 percent to 5,983.25 and the Nasdaq tumbled 237.08 points or 1.2 percent to 19,286.92.
The Nasdaq and the S&P 500 ended the day firmly in the red after President Donald Trump said previously delayed tariffs on Canada and Mexico are “going forward on time.”
On the economic front, the Case-Schiller Home Price Index for December will be issued at 9.00 pm ET. In the prior montht eh 20-city adjusted home price index was up 0.4 percent.
The Federal Housing Finance Agency or FHFA House Price Index is scheduled at 9.00 am ET. In the prior month, the Index was up 0.3 percent.
The Consumer Confidence for February will be released at 10.00 am ET. The consensus is 103.0, while it was up 104.1 in January.
The Richmond Fed Manufacturing Index for February will be published at 10.00 am ET. In the prior month, the Index was down 4.
Five-year Treasury Note auction will be held at 1.00 pm ET.
The Fed Money Supply for January will be announced at 1.00 pm ET. In the prior month, the M2 Level was at $21,533.8 billion.
Fed Vice Chair for Supervision Michael Barr will speak on ‘Financial Stability’ before an event hosted by the Yale Program on Financial Stability at 11.45 am ET.
Richmond Fed President Thomas Barkin will speak on ‘Inflation Then and Now’ before the Rotary Club of Richmond at 1.00 pm ET.
Asian stocks declined on Tuesday. China’s Shanghai Composite index dipped 0.80 percent to 3,346.04. Hong Kong’s Hang Seng index tumbled 1.32 percent to 23,034.02.
Japanese markets fell sharply. The Nikkei average fell 1.39 percent to 38,237.79. The broader Topix index settled 0.43 percent lower at 2,724.70.
Australian markets ended notably lower. The benchmark S&P/ASX 200 dipped 0.68 percent to 8,251.20 while the broader All Ordinaries index closed 0.73 percent lower at 8,498.
Business News
Futures Suggests Wall Street To Open Broadly Lower
2025-02-25 13:10:22
