Stock futures tied to the S&P 500 declined Tuesday evening as traders prepared for a series of economic data releases. S&P 500 futures fell 0.2%, Nasdaq 100 futures dropped 0.4%, and Dow Jones Industrial Average futures slipped 6 points, or 0.01%. The major averages ended Tuesday higher after Commerce Secretary Howard Lutnick mentioned a potential trade deal announcement. Later, President Donald Trump stated that tariff negotiations with India were progressing well. In the previous session, the Dow rose 300 points, and the S&P 500 gained 0.58%, marking the sixth consecutive winning day for both indexes, the longest streak since July for the Dow and November for the S&P 500. The tech-heavy Nasdaq Composite increased 0.55%. April has been volatile for markets following President Trump’s “reciprocal” tariff announcement on April 2. Despite initial losses, the S&P 500 briefly entered a bear market on April 7 but has since recovered, ending the month down 0.9%. The Dow is on track for a 3.5% loss in April, while the Nasdaq is up 0.9%. Treasury Secretary Scott Bessent remarked that individual investors remained steady while institutional investors panicked during recent market turmoil. Important economic reports, including the personal consumption expenditures price index for March and the first reading of Q1 GDP, are scheduled for release on Wednesday. These reports come as the consumer shows signs of weakness, with the Conference Board’s Consumer Confidence Index dropping to 86 in April, the lowest in nearly five years. \n— new from CNBC
