| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
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| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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Editor’s Note: The future prices of benchmark tracking ETFs and the lede were updated in the story
U.S. stock futures were swinging on Tuesday after Monday’s rally. Futures of major benchmark indices were lower.
The U.S. Senate passed a 60-40 vote with the support of nearly all of the chamber’s Republicans and eight Democrats. The bill will now proceed to the House of Representatives, and has to be later signed by President Donald Trump to be signed into law.
The bond market will remain closed for Veterans’ Day, according to the Securities Industry and Financial Markets Association (SIFMA).
The CME Group's FedWatch tool‘s projections show markets pricing a 63.7% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
| Futures | Change (+/-) |
| Dow Jones | -0.08% |
| S&P 500 | -0.24% |
| Nasdaq 100 | -0.42% |
| Russell 2000 | -0.25% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Tuesday. The SPY was down 0.18% at $680.22, while the QQQ declined 0.32% to $621.24, according to Benzinga Pro data.
Sectors gaining on Monday included consumer discretionary, communication services, and information technology, which posted the biggest increases, while consumer staples and real estate bucked the positive market trend, closing lower.
| Index | Performance (+/-) | Value |
| Nasdaq Composite | 2.27% | 23,527.17 |
| S&P 500 | 1.54% | 6,832.43 |
| Dow Jones | 0.81% | 47,368.63 |
| Russell 2000 | 0.94% | 2,455.65 |
Professor Jeremy Siegel describes an economy that is “holding in” but grappling with significant uncertainty, primarily from the ongoing government shutdown.
He warns the shutdown “has the potential to shave 1.5 to 2 or more percentage points off Q4 GDP, depending on its duration”. While the economy’s “engine has refused to stall,” the near-term “fiscal and trade outlook remains clouded by this uncertainty”.
This is compounded by mixed labor data and potential volatility from an upcoming Supreme Court ruling on tariff authority.
In this environment, Siegel notes that financial markets are not complacent, with volatility metrics indicating “market participants [are] hedging their portfolios.”
Despite this caution and the prevalence of “bearish head fakes,” Siegel maintains a constructive, forward-looking view on equities. He points to persistent AI capital expenditure and the Federal Reserve’s “accommodative rate cut path” as key supports.
Ultimately, Siegel states, “I see a better than even chance that dips will be met with fresh buying”.
See Also: How to Trade Futures
Here's what investors will be keeping an eye on Tuesday;
Crude oil futures were trading higher in the early New York session by 0.53% to hover around $60.45 per barrel.
Gold Spot US Dollar rose 0.65% to hover around $4,142.84 per ounce. Its last record high stood at $4,381.6 per ounce. The U.S. Dollar Index spot was 0.03% higher at the 99.6220 level.
Meanwhile, Bitcoin (CRYPTO: BTC) was trading 1.33 lower at $105,059.27 per coin.
Asian markets closed mixed on Tuesday, as India’s NIFTY 50, South Korea's Kospi, and Hong Kong's Hang Seng indices rose, whereas Japan's Nikkei 225, Australia's ASX 200, and China’s CSI 300 indices declined. European markets were also higher in early trade.
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Photo courtesy: godongphoto / Shutterstock.com
