Following another challenging week on Wall Street, stock futures saw declines. S&P 500 futures fell by 0.5%, and Nasdaq 100 futures also decreased by 0.5%. Dow Jones Industrial Average futures dropped by 201 points, roughly 0.5%. Over the past four weeks, three have ended in losses for the major indices. The S&P 500 fell 1.5% in the holiday-shortened trading week, while the Dow and Nasdaq both dropped over 2% across four days. U.S. markets were closed on Friday.
UnitedHealth's (UNH) stock plummeted over 22% after the company revised its annual performance expectations and reported disappointing quarterly results, impacting the Dow. Nvidia (NVDA, Financial) shares fell nearly 3% amid market pressure, following a 7% drop the previous day. The chipmaker announced a $5.5 billion charge due to export controls on its H20 graphics processing units.
Concerns over President Trump's tariff policies continue to weigh on markets. Chicago Fed President Austan Goolsbee warned of potential economic slowdowns, echoing Fed Chair Jerome Powell's concerns about tariffs impacting inflation control and economic growth.
Despite uncertainties, some believe the worst may be over. Horizon Investments' Mike Dickson suggests market volatility may decrease, although ongoing uncertainties could limit valuations and strain investors.
Investors are eyeing a significant earnings week, with over 100 S&P 500 companies, including Alphabet, Tesla (TSLA), and Boeing, set to release results.
