Wall Street futures pointed moderately lower pre-bell Tuesday as traders weighed the waning earnings season and assessed values, with broad market indices at all-time highs. In the futures, the S&P 500 fell 0.3%, the Nasdaq declined 0.3% and the Dow Jones was off 0.2%. Bitcoin again tested fresh record highs, topping $86,500 in pre-bell hours.
Asian exchanges traded solidly lower overnight, after Beijing stimulus measures underwhelmed investors and on concerns regarding Beijing-Washington trade tensions under the pending Trump Administration. European bourses tracked lower midday on the continent. Tesla traded down 4% pre-bell after the EV-maker gained 9% on Monday on possible upsides for CEO Elon Musk and the company under the pending Trump Presidency.
Home Depot and Shopify plan to report earnings pre-bell, among others. On the economic calendar, the National Federation of Independent Business Small Business Optimism Index rose to 93.7 in October from 91.5 in September. Minneapolis Fed President Neel Kashkari speaks at 2 pm ET, and Philadelphia Fed President Patrick Harker at 5 pm.
In premarket action, Bitcoin traded at $86,579, West Texas Intermediate crude oil traded higher at $68.47, and 10-year US Treasuries offered 4.36%. Spot gold traded for $2,591 an ounce..