Dow, S&P 500, Nasdaq futures slip as doubts about US stocks' resilience creep in

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US stock futures slid on Tuesday, eyeing a pullback from their recent rally amid growing warnings that investor relief over a cooling in trade tensions and in US inflation may be misplaced.Dow Jones Industrial Average futures traded flat in the wake of component Home Depot's mixed earnings report. Meanwhile, S&P 500 futures dropped roughly 0.3% on the heels of a sixth straight day of gains for the benchmark, and contracts on the tech-heavy Nasdaq 100 backed off 0.4%.

🏦 US stock futures edge down ahead of commentary from Fed officials: U.S. stock index futures were marginally lower on Tuesday as investors awaited commentary from Federal Reserve officials through the day to gauge the central bank's policy stance after the latest downgrade of the United States' credit rating.

At least seven Fed officials including St. Louis Fed President Alberto Musalem are expected to speak later in the day. Reuters reports.

🔨 Home Depot's revenue rises in first quarter as customers spend more tackling smaller projects: Home Depot’s revenue climbed in the first quarter as customers spent slightly more as they tackled smaller projects.

A number of U.S. companies have lowered or pulled financial guidance for investors as tariffs launched by the the Trump administration scramble world trade but on Tuesday, Home Depot stuck by earlier projections of sales growth at around 2.8%. Shares of the Atlanta company rose more than 2% before the opening bell. Yahoo Finance reports.

🧑‍⚕️ UnitedHealth rebounds amid insider purchases: Shares of UnitedHealth Group bounced back on Friday, ending an eight-day losing streak marked by multiple setbacks, as several of its directors disclosed the purchase of more than $1.5 million worth of company stock.

According to regulatory filings submitted on Friday, UnitedHealth’s directors—Tim Flynn, Kristen Gil, and John Noseworthy—purchased approximately 5,500 shares of UNH across three transactions, valued at roughly $491,800, $1 million, and $93,600, respectively, adding to their existing holdings. MSN reports.


📲 Tariffs live updates: China iPhone exports to US plunge to 14-year low amid tariff tensions: On Tuesday, it was reported that Chinese shipments of Apple's iPhone and mobile devices to the US fell to their lowest since 2011 in April. The sharp drop highlights how US tariffs have severely disrupted trade between the two largest economies.

The busiest container hub in the US, the Port of Los Angeles, saw shipments drop by as much as 30% in early May, as President Trump’s tariffs took a toll. Importers and retailers, especially those linked to China, were among the most affected. Yahoo Finance reports.


🏦 Citi CEO: Something 'deeper' is going on in financial markets right now: It may be JPMorgan's investor day today, which brings with it the inevitable Jamie Dimon CEO successor chatter. But a hat tip to Citigroup CEO Jane Fraser for aiming to snag a few headlines of her own in a rare blog post on Friday.

"We are entering a new phase of globalization — one less defined by cooperation, and more by strategic self-interest," Fraser wrote. "Long-held assumptions are being challenged, not just by tariff announcements but by a deeper confidence shock. The near-term impact is already being felt, and the long-term trajectory is being rewritten in real time." Yahoo Finance reports.


✂️ Westpac to cut 1,500 jobs, simplify operations, AFR reports: Westpac Banking is planning to cut more than 1,500 jobs to meet cost reduction targets and simplify operations under a plan known as UNITE, the Australian Financial Review reported on Tuesday. Westpac's UNITE program, launched in 2023, is an initiative to overhaul and simplify its technology systems. The plan aims to cut the number of core platforms, modernize infrastructure, and reduce long-term operational and maintenance costs. Reuters reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

PANW: Palo Alto Networks
3Q 2025After Market Close
Estimate: 0.770
Actual: N/A


TOL: Toll Brothers
2Q 2025After Market Close
Estimate: 2.880
Actual: N/A


MOD: Modine Manufacturing
4Q 2025After Market Close
Estimate: 0.960
Actual: N/A

Time (ET) / Report / Period

9:00 am - Richmond Fed President Tom Barkin speech
9:30 am - Boston Fed President Susan Collins participates in Fed Listens event

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Sourced in:
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