Wall Street Awaits Federal Reserve Insights with Eyes on Home Depot and Tariff Impacts
U.S. stock index futures were mostly unchanged as investors analyzed Home Depot's earnings and anticipated a significant Federal Reserve conference. Home Depot's quarterly results fell short of expectations, causing a slight decline in its stock. Traders are focused on tariffs' effects, upcoming retailer earnings, and potential Federal Reserve rate cuts.
U.S. stock index futures remained mostly unchanged on Tuesday as investors analyzed earnings from retailer Home Depot, seeking insights into the condition of the American consumer, while also awaiting an important Federal Reserve conference later in the week.
Home Depot's quarterly results did not meet projections as homeowners limited spending on major renovations, opting instead for smaller DIY projects. The company's shares fell 0.6% in volatile premarket trading, with investors closely monitoring tariff-related remarks from its earnings call.
The focus for traders also includes upcoming earnings reports from major retailers such as Walmart and Target, as well as Federal Reserve Vice Chair Michelle Bowman's comments on potential interest rate cuts, given the economic impact of trade tensions and policy uncertainty.
(With inputs from agencies.)
Google News