US Stocks Likely To Open Higher After S&P 500's Four-Day Fall: 'Market Is Risk-Off,' Says Expert

Benzinga

U.S. stock futures rose Tuesday after a holiday pause and last week’s pullback, according to Benzinga. Markets had been closed Monday for Memorial Day, and recent moves reflect cautious optimism as investors eye the Fed’s June meeting, where futures indicate a 97.9% chance rates will remain unchanged. Trump extended his proposed 50% EU tariff deadline to July 9th following talks with European Commission President Ursula von der Leyen, who called for swift negotiations. Sector weakness in tech and retail pressured Friday’s close, with Apple falling nearly 3% on Trump’s iPhone tariff threat. Analysts note mounting investor caution, with some capital moving to safer assets as Capitol Hill debates a deficit-heavy spending bill following Moody’s U.S. downgrade.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Global markets advanced Tuesday as investors responded to Trump's delay of a 50% tariff

00:07on EU goods until July 9th, easing short-term trade tensions, according to Reuters.

00:11European shares rose, led by defense stocks. The Financial Times Stock Exchange 100,

00:15gaining 1%. U.S. stock futures also pointed to strong openings after the holiday break.

00:20Long-dated Treasury yields dropped sharply, the 30-year yields falling 8 basis points to 4.95%.

00:25Marking the steepest one-day drop since mid-April, Japanese bond yields followed suit

00:29after reports of possible issuance cuts. The dollar rose 0.4% and remains on track

00:33for a fifth straight monthly decline, driven by fears over U.S. fiscal instability and erratic

00:38trade policy. The euro yen weakened, while gold prices slipped 1%, oil prices edged lower

00:43amid OPEC-plus output uncertainty. For all things money, visit Benzinga.com slash GSTV.

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