United States stock futures rose modestly on Monday night (Tuesday AEDT) following a steep sell-off in the regular trading session, as investors processed President Donald Trump’s confirmation that tariffs on Canada and Mexico would take effect on Tuesday.
By 10:25 am AEDT (11:25 pm GMT) Dow Jones Industrial Average futures and S&P 500 futures were up 0.2% while Nasdaq 100 futures climbed by 0.3%.
In extended trading, Okta surged 15% after posting strong first-quarter results and issuing an upbeat forecast.
GitLab advanced 2% after surpassing consensus estimates for earnings and revenue in the fourth quarter, reporting total revenue of US$211.4 million, a 29% increase year-over-year.
Meanwhile, Emergent BioSolutions dropped 8.5% after its fourth-quarter revenue of $194.7 million fell short of analysts' expectations of $243.33 million.
The moves followed a turbulent session in which the S&P 500 recorded its steepest daily decline since December, falling 1.8%. The Dow Jones Industrial Average dropped 649.7 points, or 1.5%, while the Nasdaq Composite tumbled 2.6%.
Looking ahead, New York Federal Reserve President John Williams is set to speak Tuesday afternoon, potentially offering further insights into monetary policy.
Meanwhile, earnings season continues, with Best Buy, AutoZone, Target, and CrowdStrike scheduled to report their latest results.
