Investing.com – U.S. futures were modestly lower on Tuesday, as investors paused after a turbulent Monday.
The S&P 500 futures fell four points or 0.17% to 2,717.75 as of 6:47 AM ET (10:47 GMT) while Dow futures decreased 36 points or 0.15% to 24,243.0. Meanwhile tech heavy Nasdaq 100 futures lost over one point or 0.02% to 7,071.75.
White House trade adviser Peter Navarro soothed markets after he said investment restrictions against the China and other countries are not immediately forthcoming.
Wall Street plummeted on its worst day in two months on Monday amid reports that U.S. could prevent companies with at least 25% Chinese ownership from buying or investing in U.S. technology firms.
General Electric (NYSE:GE) was among the top gainers in pre-market trading, rising 2.51% while semiconductor Micron Technology Inc (NASDAQ:MU) increased 2.52% and Netflix (NASDAQ:NFLX) rallied 1.18% after its worst day in two years on Monday.
Elsewhere Intel (NASDAQ:INTC) dipped 2.25% while Vodafone Group PLC (LON:VOD) ADR (NASDAQ:VOD) (LON:VOD) fell 1.30%.
In economic news, the S&P/Case-Shiller house price index (HPI) for April comes out at at 9:00 AM ET (13:00 GMT). Consumer confidence and the Richmond Fed survey of manufacturing activity are set for 10:00 AM ET (14:00 GMT).
On the central banker front, Dallas Fed President Robert Kaplan will speak in Texas, while Atlanta Fed President Raphael Bostic will be at the Birmingham Civil Rights Institute in Alabama.
In Europe stocks were mixed. Germany’s DAX fell eight points or 0.07% while in France the CAC 40 increased six points or 0.13% and in London, the FTSE 100 was up 20 points or 0.27%. Meanwhile the pan-European Euro Stoxx 50 was down half a point or 0.01% while Spain’s IBEX 35 rose six points or 0.06%.
In commodities, gold futures fell 0.76% to $1,259.20 a troy ounce while crude oil futures decreased 0.21% to $67.94 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was up 0.28% to 94.21.