U.S. stock futures fell Tuesday as investors consider quarterly results from four Dow components and look ahead to Netflix earnings after the bell and an Apple product event in the afternoon. Apple is expected to unveil new iPads, iMacs as well as device tracking AirTags. Tobacco stocks were under pressure after The Wall Street Journal reported that the White House may order tobacco companies to cut nicotine levels in all cigarettes.
The Dow Jones Industrial Average started the week off sliding from Friday’s record close. The S&P 500 also fell modestly from its previous record close. The Nasdaq lost 1% on Monday after coming up just shy on Friday of the tech-heavy index’s February record close. The 10-year Treasury yield was steady early Tuesday after ticking above 1.6%. However, it remained below last month’s run of 14-month highs.
