US Futures Steady After Downbeat Session

US stock futures held steady on Tuesday after the major averages slumped during Monday’s session as Covid protests in China hurt sentiment, while investors look ahead to a slew of US economic data and more Federal Reserve commentary this week.

Futures contracts tied to the three major indexes were all trading near breakeven.

In regular trading on Monday, the Dow fell 1.45%, the S&P 500 dropped 1.54% and the Nasdaq Composite tumbled 1.58%, with all eleven S&P sectors finishing the day lower.

Equities and other risk assets came under pressure on Monday as protests against strict Covid restrictions in China spread across the country and clouded the global outlook.

Investors now await US house price and consumer confidence data later today, as well as Fed Chair Jerome Powell’s remarks on Wednesday.

Companies slated to report earnings on Tuesday include Intuit, Workday, CrowdStrike, HP and NetApp