Stock futures rise after Wall Street snaps three days of losses: Live updates

Stock futures rise after Wall Street snaps three days of losses: Live updates


Traders work on the floor of the New York Stock Exchange during morning trading on February 23, 2024 in New York City.

Michael M. Santiago | Getty Images

Stock futures were higher on Tuesday evening after Wall Street snapped a three-day string of declines.

Futures tied to the S&P 500 gained 0.6%, while Nasdaq 100 futures jumped 0.9%. Dow Jones Industrial Average futures rose 215 points, or about 0.55%.

In after-hours trading, shares of Super Micro Computer pulled back more than 13% after the server company’s fiscal fourth-quarter earnings missed analyst estimates. Airbnb slipped 16% after issuing disappointing second-quarter results.

During Tuesday’s regular trading, the major averages ended three consecutive days of declines. The S&P 500 and the Nasdaq Composite each advanced 1%, while the 30-stock Dow added nearly 300 points. On Monday, the Dow and the broad-market S&P 500 posted their worst session since 2022, fueled by recession worries and the unwinding of the yen carry trade.

The staying power of Tuesday’s rebound, which lifted all 11 sectors of the S&P 500, remains to be seen. Tumultuous times are likely still ahead, according to LPL Financial chief global strategist Quincy Krosby.

“The lingering question now is whether the concerns that pushed the market into a cascade of selling are alleviated,” she said. “Pockets of volatility are expected to continue as August and September give way to a calmer seasonal period, however, it’s important to remember pockets of opportunity are always on the other side of the storm.”

Investors may find some optimism in the second-quarter earnings season overall, according to Vital Knowledge founder Adam Crisafulli.

“We’ve had some earnings reports out in the past 12 hours that have been a little bit encouraging,” he said on CNBC’s “Closing Bell: Overtime” Tuesday. “There definitely has been a slowing and cooling of the economy, but corporate America is evolving in response to it and they’re generating reasonably healthy earnings.”

Earnings season continues in earnest on Wednesday with Disney and CVS Health reporting before the opening bell. Results from Shopify and Novo Nordisk are also on deck.



Source

Tesla loses market share in Europe for sixth straight month as competition grows
World

Tesla loses market share in Europe for sixth straight month as competition grows

Tesla car is seen in Krakow, Poland on June 11, 2025. Nurphoto | Nurphoto | Getty Images U.S. electric vehicle maker Tesla lost market share in Europe for the sixth straight month in June, according to the European Automobile Manufacturers Association, or ACEA, amid a broader regional dip in new car sales. Data published Thursday […]

Read More
Tensions simmer as Xi courts EU while Brussels demands trade rebalance
World

Tensions simmer as Xi courts EU while Brussels demands trade rebalance

Chinese President Xi Jinping (3rd-L) speaks with President of the European Commission Ursula von der Leyen, President of the European Council Antonio Costa and High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission Kaja Kallas, during the opening remarks of the 25th European Union – China Summit at the Great […]

Read More
CNBC Daily Open: Alphabet spends more on AI — but also earns more from it
World

CNBC Daily Open: Alphabet spends more on AI — but also earns more from it

Google CEO Sundar Pichai addresses the crowd during Google’s annual I/O developers conference in Mountain View, California on May 20, 2025. Camille Cohen | Afp | Getty Images Investors can have a reputation of being penny pinchers. For one, they tend to push up share prices on layoff announcements because of the associated cost savings. […]

Read More