FX.co ★ US Futures Dip After S&P 500, Nasdaq Hit Record Highs

US stock futures dipped on Tuesday following a robust conclusion to both the month and the quarter, with the S&P 500 and Nasdaq Composite setting new record highs. In Monday's trading, the S&P 500 increased by 0.52%, and the Nasdaq advanced 0.47%, driven by strong performances from major technology companies like Microsoft and Meta, both of which also reached new peaks. The Dow Jones climbed 0.63%. Investor sentiment improved after Canada decided to withdraw its proposed digital services tax, a gesture intended to alleviate trade tensions with the US. Market participants are keenly observing progress on new trade agreements with key US trading partners, as President Trump's 90-day postponement of reciprocal tariffs nears its end. Meanwhile, Treasury yields fell, fueled by rising expectations of Federal Reserve rate cuts later this year, which continues to bolster the optimistic outlook for equities.