S&P Futures Slip After 6 Straight Winning Sessions

Stock futures slipped early Tuesday, putting the S&P 500's six-day winning streak in jeopardy.

Futures for the Dow Jones Industrials index gained eight points to 42,893

Futures for the S&P 500 index settled 9.75 points, or 0.2%, to 5,972.75

Futures for the NASDAQ faded 47.75 points, or 0.2%, to 21,479.75.

Shares of Home Depot were trading 2% higher in Tuesday’s premarket hours, after the home improvement retailer stuck by its full-year guidance, expecting total sales for the full year to grow by 2.8%.

CFO Richard McPhail also said the company doesn’t have any plans to raise prices in the face of higher tariffs.

The moves in futures follow a relatively calm trading session on Monday that saw the S&P 500 grind higher by 0.09% for its sixth straight positive session. The Dow gained about 137 points, or 0.32%, while the NASDAQ Composite ticked up just 0.02%.

While Monday’s gains were marginal, they do add to what has been a rapid and sharp rebound for stocks over the past five weeks. The S&P 500 is now just 3% from its record high.

The gains came despite continued uncertainty around the impact of tariffs on the economy and worries about a potential U.S. recession.

Investors even shrugged off the downgrade of the U.S. government’s credit by Moody’s Ratings.

In Japan, the Nikkei 225 index edged up 0.1% Tuesday, while in Hong Kong, the Hang Seng progressed 1.5%.

Oil prices dropped 14 cents to $62.55 U.S. a barrel.

Gold prices hiked $7.50 to $3,241 U.S. an ounce.