U.S. stock futures edged lower on Tuesday as markets reopened after Labor Day, with investors cautious over interest rate policy and trade uncertainty.
As of 6:09 a.m. ET (10:09 GMT), Dow futures were down 0.4%, S&P 500 futures fell 0.5%, and Nasdaq 100 futures slid 0.7%. The weakness was driven by declines in AI-related stocks and concerns that persistent inflation could limit the Fed’s ability to cut rates.
Still, the S&P 500 closed August nearly 2% higher, extending a rebound from April’s tariff-driven selloff. However, uncertainty rose after a U.S. appeals court ruled that much of Trump’s tariffs were illegal, though the duties remain in place until a Supreme Court decision is reached.
Markets continue to price in a 91% chance of a 25-basis-point cut in September. Traders are now awaiting Friday’s nonfarm payrolls report, expected to show modest hiring. Key data this week also include ISM manufacturing, alongside earnings from Zscaler, Salesforce, Broadcom, and Dollar Tree.
