U.S. Stock Futures Dip Ahead of Pivotal Earnings Week Amid Trade Tensions
U.S. equity futures edged lower in early Tuesday trading, retreating from Monday's robust gains as investors braced for a flood of corporate earnings reports. Nasdaq 100 (NDX), Dow Jones Industrial Average (DJIA), and S&P 500 (SPX) futures fell 0.18%, 0.11%, and 0.13% respectively by 4:49 a.m. EDT.
The previous session's rally was fueled by Apple's stock surge and Optimism around a potential resolution to the U.S. government shutdown. All major indices closed sharply higher, with the Dow, S&P 500, and Nasdaq Composite gaining 1.1%, 1.1%, and 1.4% respectively.
Trade tensions simmer as former President TRUMP threatens 100% tariffs on Chinese imports effective November 1, though conciliatory remarks about a potential deal with Beijing tempered concerns. Market participants now turn their focus to earnings season, with Netflix and Coca-Cola reporting Tuesday and Tesla following on Wednesday.
