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Benzinga
  • 5 minutes ago
U.S. stock futures fell on Tuesday after Monday’s higher close. This followed President Donald Trump‘s sharp criticism of Iran’s latest response to a U.S. proposal aimed at ending the conflict, saying the ceasefire is now “on life support.”

“I would call it the weakest right now,” Trump said, adding he viewed Tehran’s demands as unacceptable.

On the economic front, inflation ran hotter than anticipated, with the April Consumer Price Index (CPI) rising 3.8% year-over-year, which surpassed the 3.7% median estimate by FactSet. Core CPI, which excludes volatile food and energy costs, climbed 2.8% over the last 12 months and 0.4% on a monthly basis.

Meanwhile, the NFIB Small Business Optimism Index edged up 0.1 points to a reading of 95.9 in April, though it remains below its 52-year historical average.

The SPDR S&P 500 ETF Trust (NYSE: SPY) and Invesco QQQ Trust ETF (NASDAQ: QQQ), which track the S&P 500 and Nasdaq 100, respectively, were lower in premarket on Tuesday. The SPY was down 0.52% at $735.45 , while the QQQ declined 1.03% to $705.96.

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00:08all right futures under pressure ahead of tuesday's open this follows monday's new all-time high
00:15that we got yesterday s p futures are actually down 0.42 percent here today dow futures down
00:220.08 percent and the nasdaq futures down leading the way down down by 0.94 percent
00:30now let's take a look at some cues from last session here
00:36materials energy and industrials equities posted the most significant gains on monday
00:42whereas communication services and consumer staples bought the broader trend by finishing
00:47the session lower u.s stock futures fell on tuesday after monday's higher close this followed
00:53president trump's sharp criticism of iran's latest response to a u.s proposal aimed at ending the
00:59conflict saying the ceasefire is now quote on life support and quote he went on to say quote i would
01:06call it the weakest right now and quote as he viewed tehran's demands as unacceptable on the economic
01:13front investors will be looking out for the crucial consumer price index scheduled to be released
01:18before the opening bell according to facts at the medium s to the median excuse me estimate for april's
01:23cpi is 3.7 percent year over year meanwhile the 10-year treasury bond yielded 4.33 percent and the
01:31two-year bond was at 3.97 percent the cme group's fed watch tool projection show the market's pricing in
01:3797.6 percent likelihood that the federal reserve leaves the current interest rates unchanged during
01:45the june meeting now we've got several stocks in focus here for you today and the first one is going
01:51to be git lab ticker on this one is gtlb and it plunged 8.97 percent in the pre-market
01:58on tuesday
01:59after it announced a reduction in workforce to realign its operating structure next stock on our list
02:06is going to be gopro the ticker is gpro shares jumped 5.3 percent as it reported better than
02:14expected first quarter sales results and also announced the launch of a strategic review exploring
02:19the potential sale or merger the next stock on our list is going to be zoom info technologies the ticker
02:27is gtm it tumbled 32.46 percent despite beating estimates as cautious forward guidance
02:36influenced the market sentiment the next stock on our list is going to be plug power the ticker is
02:43plug and it advanced 5.4 percent after posting first quarter results after monday's closing bell
02:50beating analyst estimates on the top and bottom lines the final stock on our list is going to be
02:57ast space mobile the ticker is asts it dropped 12.08 percent after reporting a first quarter loss of 66
03:06cents per share which was wider than expected of the 23 uh cent loss revenue came in at 14.74
03:14million
03:15and missed the estimate of 37.63 million so pretty big miss there for asts
03:22you
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