On Tuesday, US stock futures exhibited minimal movement as investors closely monitored the ongoing trade discussions between the United States and China in London. On Monday, Treasury Secretary Scott Bessent, along with top officials, engaged with Chinese representatives to deliberate on the shipment of rare earth materials and the plausible relaxation of export limitations. Further talks are anticipated to continue early Tuesday. Meanwhile, the S&P 500 and Nasdaq Composite registered slight improvements of 0.09% and 0.31%, respectively, while the Dow remained relatively unchanged, indicating a cautious start to the trading week.
In corporate developments, Apple experienced a 1.2% decline due to the absence of significant AI announcements at its WWDC event. In contrast, Qualcomm saw a notable rise of 4.1%, driven by its $2.4 billion acquisition of Alphawave. Investors are now turning their attention to the impending small business sentiment data scheduled for release on Tuesday, as well as crucial inflation reports expected later in the week. Additionally, earnings announcements from GameStop and J.M. Smucker Co. are on the agenda.
