04.11.202507:08:16UTC+00US Futures Tumble as Sentiment Wanes

On Tuesday, US stock futures experienced a significant decline, driven by disappointing US manufacturing data and uncertainty regarding the Federal Reserve's policy direction. The mixed signals from Fed officials concerning a potential move in December further contributed to a cautious market sentiment. Early trading in European markets saw S&P 500 and Nasdaq 100 futures decrease by 0.9% and 1.2%, respectively.

Investors processed an array of corporate earnings, noting that Palantir's stock fell nearly 3% in after-hours trading, despite exceeding Wall Street's third-quarter expectations and issuing robust guidance. On the other hand, Hims & Hers Health saw its stock rise over 5% following news of discussions with Novo Nordisk about offering Wegovy treatments. Market focus is now shifting to upcoming earnings reports from companies such as AMD, Uber, Spotify, Pfizer, and Super Micro Computer.

In the regular session on Monday, the S&P 500 and Nasdaq Composite posted gains of 0.17% and 0.46%, respectively. This positive movement was largely driven by an upswing in AI-related technology stocks.