U.S. stock futures slipped Tuesday night, amid fresh tariff-related uncertainties and headwinds for semiconductors spooking tech stocks, as investors await crucial retail sales data and more prominent earnings this week.
The S&P 500 Futures are down 0.88%, trading at 5,380, followed by the tech-heavy Nasdaq Futures at 18,678, down 1.48%, and Dow Jones Futures down 0.41%, at 40,410 points, at the time of writing.
Asian markets opened lower, with the Nikkei 225 benchmark down 0.45% in early morning trade, following a two-day winning streak, after taking cues from Wall Street on Tuesday, with electronics components and semiconductor stocks leading the decline.
The U.S. Dollar Index is down 0.34%, trading at 99.87 following a rally on Tuesday that saw the index rebound from a three-year low of 99.6.
Markets are jittery following Nvidia Corp.‘s (NASDAQ:NVDA) warning that the U.S. government’s decision to block the sale of some of its AI chips to China will result in a $5.5 billion earnings hit during the current quarter, leading to a pullback in the stock in after-hours trading.
Investors are waiting for the March retail sales data on Wednesday, and several other earnings releases over this week, such as Netflix Inc. (NASDAQ:NFLX), UnitedHealth Group Inc. (NYSE:UNH), and American Express Co. (NYSE:AXP).
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