US stock futures fell Tuesday morning as investors hoped to stabilize after back-to-back weekly losses for the broader market.
Futures linked to the S&P 500 (ES=F) ticked down 0.5%. Contracts on the Nasdaq 100 (NQ=F) dropped 0.8%, while Dow Jones Industrial Average futures (YM=F) fell over 0.3%.
Stocks are heading into a shortened week after US markets were closed Monday in observance of Presidents Day. The S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) each declined more than 1% last week. The tech-heavy Nasdaq Composite (^IXIC) fell more than 2%, marking its fifth straight weekly drop and its longest losing streak since 2022.
The Dow and S&P 500 have now fallen in four of the past five weeks. Losses have been driven by worries about artificial intelligence and its ability to disrupt different industries, with everything from wealth management to transportation to logistics coming under scrutiny.
Concerns about economic growth and broader sector disruption overshadowed a cooler-than-expected January inflation report released Friday. Consumer price index data came in below estimates, providing some relief on price pressures.
Investors will look for further insight into inflation this week with the release of the Personal Consumption Expenditures index, scheduled for release Friday. Minutes from the Fed’s latest policy meeting are due Wednesday while questions circulate around a purported “loyalty pledge” signed by Kevin Warsh, Trump’s pick for the next Fed chair.
In corporate news, Walmart (WMT), DoorDash (DASH), and Malson Coors (TAP) are all slated to post earnings results throughout the week.
LIVE 1 update