The trader works on the floor of the New York Stock Exchange on March 24, 2025.
Gina Moon | Reuters
US stock futures were hardly changed on Tuesday night S&P 500 He posted a small profit and marked the third positive session.
Futures linked to the Dow Jones Industrial Average It was flat. S&P 500 Futures and Nasdaq 100 futures Both rose by about 0.1%.
GameStop It followed in the footsteps of the move after the board announced it had unanimously approved plans to invest corporate cash in Bitcoin after it jumped 7% in extended trading hours on Tuesday. MicroStrategy.
Earlier on Tuesday, the S&P 500 recorded a small profit, up 0.16%. Dow Jones Industrial Average Added 4.18 points, or 0.01% Nasdaq Composite It rose 0.46%. This was the third straight positive session on three major averages.
Shares closed slightly higher despite publicly available consumer trust data on Tuesday. This shows that recent outlook on income, business and employment outlook for US consumers has fallen to the lowest reading in 12 years. But this doesn’t necessarily mean that the recession is on the horizon, according to Paul Hickey, co-founder of a bespoke investment group.
“Soft data looks terrible. Looking at soft data, you’re going to say we’re in a recession right now, especially after today’s consumer trust reports, but that’s a matter of behavior that’s more vocal than words. Looking at hard data, you can hardly see the collapse seen in soft data.
“Last week we’ve seen home launches, building permits, industrial production, capacity utilization, and new home sales today all line up or even more than expected,” Hickey added. “So at this point we’re not seeing that transfer actually isn’t good because it doesn’t feel good.”
Tough, Dollar Tree, Sinta and Paychex We will report our revenues on Wednesday. Traders will also be aware of preliminary durable goods orders for February.
