S&P 500 futures traded lower Tuesday after the benchmark posted back-to-back weekly losses.
Futures linked to the broad index declined 0.42%, while Nasdaq-100 futures dropped 0.75%. Dow Jones Industrial Average futures slipped 133 points, or 0.27%.
U.S. markets were closed Monday in observance of Presidents Day.
Wall Street enters the holiday-shortened week on weak footing. The S&P 500 and the Dow each fell more than 1% last week, while the tech-heavy Nasdaq Composite dropped over 2%. The Nasdaq has now logged five consecutive weekly losses — its longest losing streak since 2022. Meanwhile, both the Dow and S&P 500 have posted losses in four of the past five weeks, with the S&P 500 recording two straight down weeks.
Investor concerns about artificial intelligence disrupting sectors such as real estate, trucking, and financial services have weighed on sentiment, overshadowing softer-than-expected January CPI data released Friday.
Markets will look ahead to further inflation clues this week, with the personal consumption expenditures (PCE) report due Friday. Investors will also review Federal Reserve meeting minutes on Wednesday.
On the earnings front, Palo Alto Networks reports after Tuesday’s close, while DoorDash, Walmart, and Wayfair are scheduled to release results later in the week.
Frequently Asked Questions
Why are S&P 500 futures trading lower?
Futures are under pressure after consecutive weekly losses and growing concerns about AI-driven disruption across key industries, which has weakened overall market sentiment.
What’s the significance of the Nasdaq’s five-week losing streak?
It signals sustained weakness in tech-heavy stocks and reflects risk-off positioning by investors — the longest such streak since 2022.
Which economic data are investors watching this week?
Markets are focused on the Federal Reserve meeting minutes (Wednesday) and the Personal Consumption Expenditures (PCE) inflation report (Friday).
Why didn’t the softer CPI report lift markets?
Despite cooler inflation data, structural concerns (especially around AI’s impact on jobs and industries) are currently outweighing the positive macro signal.
Which earnings reports could move the market this week?
Key names to watch include Palo Alto Networks, DoorDash, Walmart, and Wayfair, all of which could influence sector momentum and broader market sentiment.
