Traders work on the New York Stock Exchange trading floor during early trading on February 23, 2024 in New York City.
Michael M. Santiago | Michael M. SantiagoGetty Images
Stock index futures were lower on Tuesday after Wall Street ended a three-day losing streak.
Futures and S&P 500 Index fell 0.47%, while Nasdaq 100 Futures down 0.69%. Dow Jones Industrial Average Futures It fell 102 points, or nearly 0.3%.
In after-hours trading, stocks super microcomputer The server company’s stock price fell more than 12% after adjustments Fourth-quarter profit fell short of expectations analysts estimate. Airbnb It then fell 16% Posts disappointing second-quarter results.
In regular trading on Tuesday, main average It ended a three-day losing streak. this S&P 500 Index and Nasdaq Index Each stock gained 1%, while 30 stocks Dow Chemical An increase of nearly 300 points. The Dow Jones and the broader S&P 500 had their worst trading days since 2022 on Monday as recession fears and Japanese yen carry trade.
Tuesday’s rally lifted all 11 S&P 500 sectors, and its durability remains to be seen. Quincy Krosby, chief global strategist at LPL Financial, said turbulent times may still lie ahead.
“The lingering question now is whether the concerns that drove the market into a series of sell-offs have been eased,” she said. “Volatility is expected to continue as August and September enter a quieter seasonal period, but it is important to remember that there is always opportunity on the other side of the storm.”
Adam Crisafulli, founder of Vital Knowledge, said investors may be optimistic about the second-quarter earnings season overall.
“We’ve had some encouraging earnings reports in the last 12 hours,” he told CNBC.Final bell: overtime” Tuesday. “The economy has definitely slowed and cooled, but corporate America is responding to that, and they’re generating pretty healthy earnings.
Earnings season continues in earnest Wednesday disney and CVS Health Report before opening bell. because. Shopping and Novo Nordisk Also on deck.
