US stock futures wavered Monday night after a solid day in the green for the major gauges, bolstered by optimism that President Trump would temper his plans for reciprocal tariffs.
Futures attached to the benchmark S&P 500 (ES=F), the Nasdaq Composite (NQ=F), and the Dow Jones Industrial Average (YM=F) all slipped about 0.2%.
CBOT – Delayed Quote • USD
Stocks soared on Monday, with all three major averages gaining over 1%. Market optimism has followed signals that the Trump administration may scale back the upcoming tariffs set for April 2. On Monday, the president said he “may give a lot of countries breaks.” At the same time, though, he said tariffs on pharmaceutical and autos sectors are still due for the “near future.”
On Monday, tech stocks drove an AI-led rally, as Nvidia (NVDA), Meta (META), and Jack Ma’s Ant Group begin to rebuild positive sentiment in the rocky sector.
Looking ahead, traders are eyeing key data releases on Tuesday, including a reading on consumer confidence and February’s new home sales.
As Wall Street remains on edge about an uptick in inflation and slowing economic growth, the week will end with February’s Personal Consumption Expenditures (PCE) Index on Friday, a key measure for the Fed. Quarterly earnings reports from Lululemon (LULU), GameStop (GME), and Dollar Tree (DLTR) are all due this week, with GameStop set to headline Tuesday’s releases.
- LIVE 1 updateTesla’s (TSLA) share of the European market has shrunk in year-on-year data for February. The decline in sales marks the second month in a row that Tesla has seen a drastic drop in European usage of the once-popular electric vehicle.
- Reuters reports:
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