US pre-open: Futures higher following Presidents Day break
By Iain Gilbert
Date: Tuesday 18 Feb 2025
(Sharecast News) - Wall Street futures were in the green ahead of the bell on Tuesday following yesterday's Presidents Day break.
As of 1250 GMT, Dow Jones futures were up 0.20%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.40% and 0.45% firmer, respectively.
The Dow closed 165.35 points lower on Monday as Donald Trump's plans for "reciprocal tariffs" on a number of America's biggest trading partners were in focus.
Traders were set to return from the long weekend with their attention still turned to Washington early on Tuesday, with all eyes focused on the White House as they hoped for further updates on the Trump administration's tariff plans.
Hargreaves Lansdown's Matt Britzman said: "US markets were closed yesterday for Presidents Day, but futures markets suggest a positive open later today. Markets seem to have finally settled into the 'no cuts in 2025' narrative, and as long as the talk doesn't shift to further hikes, there's now a foundation in place to support ongoing strength in the US markets."
On the macro front, the New York Fed's Empire State manufacturing index will be published at 1330 GMT and the National Association of Housebuilder's February housing market index will follow at 1500 GMT.
In the corporate space, Occidental Petroleum and Arista Networks were both slated to report earnings on Tuesday.
Reporting by Iain Gilbert at Sharecast.com
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