US Stock Futures Fall, Palantir Soars on Strong Forecast

US stock futures declined Tuesday, signaling a third consecutive day of losses for the S&P 500. Concerns over the economic impact of tariffs weighed on sentiment.

Key Market Movements:

* S&P 500 futures dipped 0.2%.
* European stocks fell modestly.
* The dollar index weakened 0.3%.
* Bond yields rose slightly.

Notable Earnings and Economic Data:

* Palantir Technologies surged 20% in premarket trading on a strong earnings forecast.
* Alphabet, Merck, and Pfizer are scheduled to report earnings Tuesday.
* US factory orders and durable goods data will be released Tuesday.

European Stock Performance:

* Stoxx 600 benchmark fell for the second day.
* Only 11% of companies reporting earnings beat estimates on both earnings and sales.
* UBS shares declined amid concerns over potential capital requirements.
* Vodafone dropped after citing worsening conditions in Germany.

Commodities and Currencies:

* Crude oil prices dipped on weak demand outlook.
* Gold hovered near record highs.
* The Bloomberg Dollar Spot Index fell 0.3%.
* The euro held steady against the dollar.

Key Events This Week:

* US factory orders, durable goods (Tuesday)
* Alphabet earnings (Tuesday)
* Eurozone services PMI, PPI (Wednesday)
* US trade data, Fed officials speak (Wednesday)
* UK rate decision, US jobless claims (Thursday)
* Amazon earnings, US nonfarm payrolls (Friday)

Disclaimer: This article was generated with the assistance of Bloomberg Automation and has not been reviewed by an editor.