US Futures Point to Cautious Open
US stock futures pointed to a mixed-to-lower open on Tuesday, with S&P 500 futures down 0.1% and Dow Jones futures tumbling around 400 points, while Nasdaq 100 futures edged up 0.3%, signaling a modest rebound after the index entered a technical correction. Investors remained cautious ahead of the midterm elections, with voters heading to the polls and traders reluctant to make significant bets. Democrats are widely expected to gain control of the House, while the outcome of the Senate race remains more uncertain. Meanwhile, oil prices rebounded, following reports that the US had struck Iran's Qeshm Island. In premarket trading, Apple shares tumbled 3.9% after the company issued a disappointing margin outlook. Palantir Technologies sank 3.8% despite reporting stronger-than-expected earnings, while Pfizer slipped 0.6% as its results failed to impress investors. On the upside, AMD rose 2% and Super Micro Computer gained 1.5%, with both companies set to report earnings later in the day.
US stock futures pointed to a mixed-to-lower open on Tuesday, with S&P 500 futures down 0.1% and Dow Jones futures tumbling around 400 points, while Nasdaq 100 futures edged up 0.3%, signaling a modest rebound after the index entered a technical correction. Investors remained cautious ahead of the midterm elections, with voters heading to the polls and traders reluctant to make significant bets. Democrats are widely expected to gain control of the House, while the outcome of the Senate race remains more uncertain. Meanwhile, oil prices rebounded, following reports that the US had struck Iran's Qeshm Island.
In premarket trading, Apple shares tumbled 3.9% after the company issued a disappointing margin outlook. Palantir Technologies sank 3.8% despite reporting stronger-than-expected earnings, while Pfizer slipped 0.6% as its results failed to impress investors. On the upside, AMD rose 2% and Super Micro Computer gained 1.5%, with both companies set to report earnings later in the day.