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U.S. stock futures dipped slightly on Tuesday, pausing after recent gains as investors awaited a busy day of corporate earnings and monitored signs of progress on both the government shutdown and U.S.–China trade relations.
By 05:55 ET (09:55 GMT), Dow Jones Futures were down 35 points (0.1%), S&P 500 Futures slipped 4 points (0.1%), and Nasdaq 100 Futures edged 20 points (0.1%) lower. The modest pullback followed a positive start to the week on Wall Street, where technology and financial stocks had driven indices higher.
Markets Eye Shutdown Resolution, Trade Optimism
Monday’s rally was underpinned by growing optimism that the weeks-long federal government shutdown—which has delayed crucial economic data and clouded near-term growth prospects—could soon be resolved.
White House economic adviser Kevin Hassett told CNBC the shutdown was “likely to end sometime this week,” a statement that lifted sentiment and encouraged risk-taking after prolonged political gridlock.
At the same time, investor morale improved on hopes that tensions between the U.S. and China may ease. President Donald Trump and his Chinese counterpart Xi Jinping are scheduled to meet later this month in South Korea, with both sides signaling interest in a “fair” trade deal after months of tariff threats and export restrictions.
Earnings Season in Full Swing
Attention is now shifting to the third-quarter earnings season, which could set the tone for markets heading into year-end.
The day’s highlight will be Netflix (NASDAQ:NFLX), scheduled to report results after the closing bell. The streaming giant’s stock has gained over 39% year-to-date, buoyed by its expanding advertising model and continued subscriber growth.
However, some analysts note that controversy surrounding an animated series on its platform—amplified by calls for a boycott from Elon Musk—may weigh on subscriber metrics or brand sentiment.
Other key corporate names reporting Tuesday include GE Aerospace (NYSE:GE), Coca-Cola (NYSE:KO), Philip Morris (NYSE:PM), and RTX Corp (NYSE:RTX).
Banking Sector Remains in Focus
Regional banks continue to draw scrutiny after last week’s credit concerns. Zions Bancorporation (NASDAQ:ZION), which previously disclosed potential loan fraud losses, reported better-than-expected earnings late Monday, helping ease fears over the sector’s stability.
The bank’s improved results and higher credit reserves signaled a more cautious but resilient stance among smaller lenders still recovering from earlier stress episodes.
