US stock index futures fell in evening trading on Monday, as uncertainty over U.S. interest rates and the upcoming “Super Tuesday” primaries weighed on investor sentiment. The possibility of a rematch between President Joe Biden and former President Donald Trump added to market jitters.
The dropped 0.1% to 5,132.75 points, while the fell 0.2% to 18,232.0 points. The also slipped 0.1% to 38,974.00 points. Wall Street had seen a decline from record highs, with technology stocks like Apple Inc. facing losses after receiving a hefty antitrust fine in Europe.
Investors are now looking to Federal Reserve Chair Jerome Powell’s upcoming testimony before Congress for clues on monetary policy. Powell is expected to maintain a cautious stance on rate cuts, with analysts predicting a possible trim by June. The focus this week also shifts to key payroll data for February.
In aftermarket trading, Apple extended its losses by 0.3% after a 2% drop during the session. Gitlab Inc. slumped 21% on disappointing guidance, while Albemarle Corp fell 7% following a share offering. On a positive note, AeroVironment Inc. surged nearly 20% on strong earnings.
Overall, market volatility remains high as investors navigate through political and economic uncertainties, with all eyes on upcoming events for further direction.
