After ending yesterday's lackluster session modestly higher, stocks may move back to the downside in early trading on Tuesday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.5 percent.
Profit taking may contribute to initial weakness on Wall Street, as some traders look to cash in on the strong gains posted in July.
The tech-heavy Nasdaq soared by 4.1 percent for July, while the Dow and the S&P 500 jumped by 3.4 percent and 3.1 percent, respectively.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.