U.S. stock futures were mostly unchanged, though moving at a negative territory, before the stock market opened on Tuesday, as market participants awaited the next batch of corporate earnings, with Netflix and General Motors set to report.
As of 05:20 P.M. (GMT+7), futures contracts tied to the Dow Jones Industrial Average fell 0.06%, or 30.10 points, to 46,676.50 points, while those tracking the S&P 500 slipped 0.08%, or 5.50 points, to 6,729.60 points. Nasdaq 100 futures also edged down 0.15%, or 38.10 points, to 25,102.90 points, following Monday’s rally when Apple reached an all-time high, bolstering technology shares.
Investor focus is squarely on this week’s major earnings releases, particularly as Netflix and General Motors deliver their quarterly results later in the day. Netflix’s advertising business and its push into live content are set to face scrutiny after several volatile sessions for the stock.
Market watchers are also turning their attention to General Motors, assessing the potential impact of U.S. tariffs and the cessation of the federal tax credit for electric vehicles on the automaker’s sales performance.
In geopolitical developments, US-China relations showed potential signs of thawing. President Donald Trump formalized a rare earths agreement with Australia, targeting reduced reliance on Chinese supply. Trump stated optimism about reaching a “fair deal” when he meets China’s President Xi Jinping in South Korea next week.
Elsewhere in Washington, the federal government shutdown dragged into its third-longest stretch on record, with no resolution in sight as economic strain intensified.
Investors are also anticipating next week’s Federal Reserve meeting, with markets broadly expecting another 25 basis-point interest rate cut. The outcome of Friday’s consumer price index report is seen as a pivotal data point that could influence the central bank’s decision.
