FX.co ★ US Stocks Set to Extend Losses

On Tuesday, U.S. stock futures experienced a decline, continuing the downturn from the previous session. Futures for the S&P 500 decreased by 0.7%, the Nasdaq 100 dropped by 0.9%, and Dow Jones futures fell by approximately 230 points. Investor sentiment remained dampened due to ongoing uncertainties surrounding tariffs and increasing worries about the repercussions of trade tensions on corporate earnings. President Trump is expected to meet with Canadian Prime Minister Carney on Tuesday as the US continues negotiations with multiple countries, though no formal agreements have been reported yet. Additionally, the Federal Open Market Committee (FOMC) meeting commences today, with widespread expectations that the Federal Reserve will maintain current interest rates. In premarket trading, major tech companies showed losses: Apple fell by 0.8%, Microsoft by 1%, Nvidia by 1.5%, Amazon by 1.1%, Meta by 1.2%, Alphabet by 1.1%, and Tesla by 1.6%. Palantir Technologies saw a nearly 8% drop following disappointing investor updates, and Ford shares decreased by 2.3% after the company cautioned that tariffs could negatively impact 2025 earnings by about $2.5 billion.