Stock futures fell Tuesday after the Dow Jones Industrial Average registered its longest losing streak since 2018.
Futures for the 30-stock faltered 164 points, or 0.4%, to 44,096.
Futures for the S&P 500 retreated 17 points, or 0.3%, to 6,137
Futures for the tech-heavy NASDAQ fell 25.75, or 0.1%, to 22,382.75.
The moves followed a mixed session on Wall Street. The Dow dipped 0.25%, or nearly 111 points, falling for an eighth straight day for the first time since June 2018. The NASDAQ Composite gained 1.2% and hit a fresh record, while the S&P 500 edged up nearly 0.4%.
The gains for the S&P 500 and the Nasdaq came without the cooperation of market bellwether Nvidia, which pulled back 1.7%. Shares of the chip giant are down more than 4% this month, even as the broader indexes and semiconductor names such as Broadcom have touched new highs. Alphabet, Apple and Tesla also hit all-time highs on Monday, while the S&P’s tech and consumer discretionary sectors closed at records.
Traders await the Federal Reserve’s next rate decision, slated at the conclusion of the central bank’s final 2024 two-day policy meeting Wednesday. The gathering kicks off Tuesday.
Traders are pricing in a 95% chance of a quarter-point cut Wednesday.
In Japan, the Nikkei 225 lost 0.2% Tuesday, while in Hong Kong, the Hang Seng stumbled 0.5%
Oil prices dwindled 82 cents to $69.89 U.S. a barrel.
Gold prices dulled $13.00 to $2,657 U.S. an ounce.
