US stock futures fell sharply on Tuesday as weak US manufacturing data and uncertainty surrounding the Federal Reserve’s policy outlook dampened risk appetite, with Fed officials offering mixed signals on a possible December move.
S&P 500 and Nasdaq 100 futures slid 0.9% and 1.2%, respectively, in early European trade.
Investors also digested another wave of corporate earnings after Palantir dropped nearly 3% in extended trading despite beating Wall Street’s third-quarter estimates and providing strong guidance.
In contrast, Hims & Hers Health surged over 5% after announcing talks with Novo Nordisk to offer Wegovy treatments.
Attention now turns to earnings later in the day from AMD, Uber, Spotify, Pfizer, and Super Micro Computer.
In Monday’s regular session, the S&P 500 and Nasdaq Composite rose 0.17% and 0.46%, respectively, supported by gains in AI-related tech stocks.
