Stock Futures Fall After Monday’s Rally
Stock futures were down modestly on Tuesday after equities soared on Monday. The US and China agreed to slash tariffs on each other’s goods for 90 days and continue trade talks.
Market Movements
- UnitedHealth fell 6.7% after naming a new CEO and suspending its 2025 outlook.
- Amazon.com was down 0.3%, Meta Platforms fell 0.3%, Apple declined 0.6%, and Nvidia rose 0.2%.
- Tesla fell 0.9% after gaining 6.8% on Monday.
- JD.com dropped 1.9% despite posting strong quarterly earnings.
- Coinbase Global jumped 9.6% after being added to the S&P 500.
- Boeing rose 0.5% after China reportedly lifted a ban on its plane deliveries.
- FedEx gained 1.5% after Amazon.com announced a partnership for last-mile delivery.
Earnings Reports
- Hertz Global fell 8.1% after reporting a wider-than-expected quarterly loss.
- Rigetti Computing dropped 11% after posting lower-than-expected revenue.
- On Holding rose 5.2% after beating revenue expectations.
Upcoming Data
The Consumer Price Index (CPI) report is set to be released before the stock market opens on Tuesday. Investors will be watching closely for signs of inflation and the impact of the US-China trade agreement.
