U.S. futures showed little movement on Monday, as major indexes struggled to recover from last week’s sell-off, with President Donald Trump’s comments on upcoming tariffs creating uncertainty.
Futures for Major Indexes Show Minimal Movement
Futures for the S&P 500 (ES=F) and Dow Jones (YM=F) ticked up by 0.01%, while Nasdaq (NQ=F) futures remained unchanged. Investors are on edge as they await President Trump’s next move on tariffs.
Trump’s Tariff Plans and Talks with Russia
President Trump reiterated his commitment to imposing 25% tariffs on Mexico and Canada, emphasizing that the tariffs are “on time, on schedule” and set to take effect on March 4. He also mentioned potential talks with Russian President Vladimir Putin about “major economic development transactions” between the U.S. and Russia.
Struggling Stocks: Palantir and Him & Hers
Shares of defense tech and AI company Palantir (PLTR) continued to plummet in after-hours trading, following a drop of over 10% during regular trading hours. The stock fell an additional 3% after the bell.
Online healthcare provider Him & Hers (HIMS) also faced significant losses, with its earnings report showing falling margins and rising costs. The company’s stock dropped 18% after the bell.
Key Data and Earnings Reports to Watch
Wall Street is closely watching upcoming economic data, including the U.S. consumer confidence report, set to be released on Tuesday at 10:00 a.m. ET. Last week, the University of Michigan consumer sentiment index contributed to Friday’s sharp market sell-off.
Home Depot is also in focus, with its earnings report due before the market opens on Tuesday. Nvidia (NVDA) will release its earnings report on Wednesday, drawing attention from investors as the chipmaker faces new challenges due to tariffs and export controls.
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