U.S. stock futures dropped on Tuesdayfollowing Friday's negative moves. Futures of major benchmark indices were trading lower.
President Donald Trump warned on Monday that a record $15 trillion in planned investment in the U.S. would be "immediately cancelled" if courts are permitted to strike down his tariff policies.
The declaration comes in response to a recent U.S. appeals court ruling that deemed his administration's broad use of tariffs unconstitutional.
Meanwhile, the 10-year Treasury bond yielded 4.27% and the two-year bond was at 3.65%. The CME Group's FedWatch tool's projections show markets pricing an 89.8% likelihood of the Federal Reserve cutting the current interest rates for the Sept. 17 decision.
The SPDR S&P 500 ETF Trust and Invesco QQQ Trust ETF, which track the S&P 500 index and Nasdaq 100 index, respectively, fell in premarket on Tuesday. The SPY was down 0.48% at $641.98, while the QQQ declined 0.65% to $566.69, according to Benzinga Pro data.
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