S&P 500 futures exhibited minimal fluctuations on Tuesday, following the broad market index’s achievement of its fifth consecutive day of gains on Monday. Futures associated with the broad market index remained near the flatline, whereas Nasdaq 100 futures experienced a decline of 0.2%. Futures for the Dow Jones Industrial Average increased by 171 points, representing a rise of 0.4%.
General Motors experienced a decline of over 1% in the premarket following the automaker’s announcement of better-than-expected profits. However, the company indicated it is reassessing its future guidance and suspending additional share buybacks as it seeks clarity on the implications of the levies. Shares experienced an uptick earlier following reports indicating that Trump was prepared to offer concessions regarding foreign-made components utilized in domestic manufacturing. GM’s decision comes in the context of several other companies that have indicated they are reevaluating their full-year forecasts due to escalating global trade tensions. Last week, American Airlines and Skechers retracted their 2025 forecasts, attributing this decision to prevailing economic uncertainty.
The S&P 500 managed to secure a gain of under 0.1% in Monday’s trading session, thereby maintaining its winning streak. The Dow increased by approximately 0.3%, whereas the Nasdaq Composite experienced a decline of 0.1%. The three major indexes fluctuated between gains and losses during the volatile session. The Dow experienced a decline of over 240 points at its lowest point, followed by a recovery of approximately 300 points at its peak for the day. The S&P 500 and Nasdaq both experienced declines exceeding 1% at their session lows before rebounding in the afternoon trading session.
“Any pullbacks have turned to be buyable,” remarked Larry Tentarelli, founder of the Blue Chip Daily Trend Report, regarding the recent market dynamics. “I believe the bulls have regained control.” Investors are preparing for a hectic earnings week, as approximately one-third of firms listed on the S&P 500 are expected to announce their results from Monday through Friday. Big Tech is under particular scrutiny, with Meta Platforms and Microsoft anticipated on Wednesday, while Apple and Amazon are set to present on Thursday.
Among the over 36% of S&P 500 companies that have reported thus far this season, approximately 73% have surpassed Wall Street expectations. That figure is slightly lower than the 5-year average of 77%.