U.S. stock futures hovered near unchanged levels on Tuesday, pointing to a quiet start as markets pause to digest Monday’s powerful rebound.
After several sessions marked by sharp swings, traders appear inclined to reassess near-term risks. Monday’s rally built on Friday’s turnaround, helping erase much of last week’s steep selloff.
Fresh data released Tuesday — delayed by the government shutdown — showed softer-than-expected retail sales and producer prices in line with forecasts, but futures barely reacted.
Retail sales rose 0.2% in September, half the expected pace, while producer prices climbed 0.3%, matching estimates. ADP also reported a worsening pace of private-sector job losses.
Tech stocks were the standout performers on Monday. The Nasdaq surged 2.7%, the S&P 500 gained 1.6%, and the Dow posted a smaller but solid advance. Still, all three indexes ended last week with significant declines.
Geopolitical and monetary policy developments have added to the improving sentiment. Secretary of State Marco Rubio said there had been “tremendous progress” in peace talks over the Russia–Ukraine conflict, while Fed officials continued to signal support for a December rate cut — with CME data now pricing in nearly an 85% chance.
Semiconductors, hardware, networking, gold miners, airlines, and biotechnology stocks all posted meaningful gains as most sectors joined the rebound.
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