January 5, 2025

Traders work on the New York Stock Exchange trading floor during early trading on February 23, 2024 in New York City.

Michael M. Santiago | Michael M. SantiagoGetty Images

Stock index futures were lower on Tuesday after Wall Street ended a three-day losing streak.

Futures and S&P 500 Index fell 0.47%, while Nasdaq 100 Futures down 0.69%. Dow Jones Industrial Average Futures It fell 102 points, or nearly 0.3%.

In after-hours trading, stocks super microcomputer The server company’s shares fell more than 12% after its fourth-quarter profit fell short of analysts’ expectations. Airbnb The company’s shares fell 16% after posting disappointing second-quarter results.

In regular trading on Tuesday, the major averages ended a three-day losing streak. this S&P 500 Index and Nasdaq Index Each stock gained 1%, while 30 stocks Dow Chemical An increase of nearly 300 points. The Dow Jones and the broader S&P 500 had their worst trading day since 2022 on Monday, driven by recession fears and the unwinding of yen carry trades.

Tuesday’s rally lifted all 11 S&P 500 sectors, and its staying power remains to be seen. Quincy Krosby, chief global strategist at LPL Financial, said turbulent times may still lie ahead.

“The lingering question now is whether the concerns that drove the market into a series of sell-offs have been eased,” she said. “Volatility is expected to continue as August and September enter a quieter seasonal period, but it is important to remember that there is always opportunity on the other side of the storm.”

Adam Crisafulli, founder of Vital Knowledge, said investors may be optimistic about the second-quarter earnings season overall.

“We’ve had some encouraging earnings reports over the past 12 hours,” he told CNBC’s “Closing Bell: Overtime” on Tuesday. “The economy has certainly slowed and cooled, but corporate America is Responding to that, and they’re generating pretty healthy gains.”

Earnings season continues in earnest Wednesday disney and CVS Health Report before the opening bell. because. Shopping and Novo Nordisk Also on deck.

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