US pre-open: Futures edge higher after steep tariff‑driven selloff
By Iain Gilbert
Date: Tuesday 24 Feb 2026
(Sharecast News) - Wall Street futures were in the green prior to the open after registering heavy losses in the previous session.
As of 1230 GMT, Dow Jones futures were up 0.28%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.22% and 0.46% firmer, respectively.
The Dow closed 821.91 points lower on Monday after Donald Trump raised his global tariff rates following a Supreme Court ruling that he had exceeded his powers when instituting his so-called "reciprocal" tariffs.
While investors had initially cheered the Supreme Court's decision to block Trump's tariffs imposed in April 2025 under the International Emergency Economic Powers Act, stocks later headed south after the White House immediately announced a new 10% worldwide tariff, which was then later raised to 15%, before being lowered back to 10%.
"This is legal and can run for 150 days before it must go before Congress for an extension. But much of this tariff news was already factored in. While it is yet another wrinkle for investors to consider, and as it does add to uncertainty to some extent, the underlying issue for stock markets is that they have lost their upside momentum," said Trade Nation's David Morrison
On Tuesday's macro slate, December's S&P/Case-Shiller home price index will be released at 1400 GMT, while February's Richmond Fed manufacturing index and December wholesale inventories figures will follow at 1500 GMT, and the Dallas Fed's February manufacturing index will be published at 1530 GMT.
Also in focus, Donald Trump will deliver his State of the Union address at 0200 GMT.
In the corporate space, traders were also looking ahead to an event hosted on Tuesday by artificial intelligence group Anthropic, the developer of Claude, with the firm expected to announce new products and showcase the AI's latest capabilities. Anticipation around the update sent big‑cap tech stocks, including software giant Microsoft and cybersecurity firm CrowdStrike, lower on Monday amid renewed concerns about the impact of rapid AI advances on established business models.
Home Depot will report earnings before the open, while HP was slated to release its latest quarterly figures after the close.
Reporting by Iain Gilbert at Sharecast.com
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