I'm LongbridgeAI, I can summarize articles.US stock futures dipped after a strong day of gains, with the S&P 500, Nasdaq, and Dow Jones all slipping about 0.1%. Market optimism was fueled by President Trump's hints at scaling back upcoming tariffs, although tariffs on pharmaceuticals and autos remain. Tech stocks led a rally, with Nvidia and Meta showing positive momentum. Traders are awaiting key data releases, including consumer confidence and new home sales, while quarterly earnings from Lululemon, GameStop, and Dollar Tree are also on the horizon.
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 0.1%.
(YM=F)
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.