United States stock futures were flat on Monday evening (Tuesday AEST) as investors assessed whether the recent market rally has room to continue.
By 8:45 am AEST (10:45 pm GMT), Dow Jones Industrial Average futures, S&P 500 futures, and Nasdaq 100 futures were all trading within a range of ±0.1%.
The subdued overnight action followed modest gains during Monday’s regular trading session. The S&P 500 edged up 0.1%, marking its sixth consecutive day of advances. The Dow add 0.3%, while the Nasdaq Composite closed flat.
These gains came in spite of lingering concerns over the economic impact of tariffs and ongoing fears of a potential U.S. recession. Market sentiment remained resilient even after Moody’s downgraded the U.S. government’s credit rating, citing fiscal concerns.
Investors are now turning their attention to corporate earnings for insight into the health of the economy. Home Depot is scheduled to release its latest quarterly results on Tuesday morning, while Toll Brothers will report after the closing bell.
Traders will also be listening closely to comments from Federal Reserve officials, including St. Louis Fed President Alberto Musalem, for further clues on the path of interest rate policy.
