Dow Jones futures declined on Tuesday morning, along with S&P 500 futures and Nasdaq futures, ahead of the release of key housing data. The Case-Shiller Home Price Index and the FHFA House Price Index are expected to be released at 9 a.m. ET, followed by new home sales data from the Commerce Department at 10 a.m. ET. Market expectations are for a rise of 0.6% in the Case-Shiller index for July and a slowdown in new-home sales to 699,000 in August. In addition, consumer confidence data is also set to be released at 10 a.m. ET, with the index expected to dip to 105.9 in September.
Stock market today, DraftKings saw a 3% rally on Tuesday morning following an upgrade from JPMorgan. The stock was upgraded from neutral to overweight, with the price target increased from $26 to $37. Meanwhile, Tesla stock traded down 0.5%, while Nvidia rose 0.3%. Dow Jones tech giants Apple and Microsoft both experienced drops before the start of the stock market. Other stocks to watch during the ongoing stock market correction include Airbnb, Meta Platforms, Uber Technologies, Amgen, and Caterpillar.
Dow Jones futures fell 0.3% before the opening bell, along with a 0.35% drop in S&P 500 futures and a 0.4% decline in Nasdaq 100 futures. The Invesco QQQ Trust and SPDR S&P 500 ETF also saw losses of 0.3% early on Tuesday. Additionally, the 10-year U.S. Treasury yield fell slightly from Monday’s long-term highs, and oil prices dropped 1% but remained near their 2023 highs.