FX.co ★ US Futures Rise as Traders Weigh Tariff Developments

U.S. stock futures experienced an uptick on Tuesday amidst ongoing market volatility, as investors continued to grapple with uncertainties prompted by tariff issues. The previous day saw the Dow Jones Industrial Average and the S&P 500 decline for the third session in a row, down by 0.91% and 0.23% respectively. In contrast, the Nasdaq Composite edged up by 0.1%, driven by investor interest in undervalued technology stocks, including notable gains from Nvidia (3.5%), Amazon (2.5%), Meta (2.3%), Palantir (5.2%), and Broadcom (5.4%). Initially, all three major indices had risen during the session, fueled by speculation about a potential 90-day suspension of tariffs, although this was quickly refuted by the White House. In the backdrop, Treasury Secretary Scott Bessent disclosed that close to 70 countries, Japan among them, have initiated discussions with the U.S. administration concerning tariff negotiations. As the week progresses, attention is turning to crucial upcoming inflation data, which may play a pivotal role in shaping expectations regarding the Federal Reserve's future policy decisions on monetary matters.