Stocks Set to Edge Down as Focus Returns to Tariff Talks
U.S. stock futures pointed to slight losses early on Tuesday after eking out gains the previous day. The market looks to have largely shrugged off the latest downgrade of the U.S.’s credit rating and is looking for a new catalyst.
Dow Jones Industrial Average futures were down 71 points, or 0.2%. S&P 500 futures were falling 0.4% and Nasdaq 100 futures were dropping 0.5%.
Stocks rebounded Monday after initial sharp declines in the wake of Moody’s stripping the U.S. of its last triple-A credit rating, citing large fiscal deficits and rising interest costs. The yield on the benchmark 10-year Treasury note stood at 4.438% early on Monday, ticking down from the previous day.
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