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Stock Market Today: Dow Futures Slip, S&P 500 Gains Amid Trump's Fresh Tariffs On South Korea— General Motors, UnitedHealth, Cloudflare In Focus

U.S. stock futures were swinging between gains and losses on Tuesday following Monday’s higher close. Futures of major benchmark indices were mixed.

On Monday night, President Donald Trump announced fresh tariffs against South Korea, for not "living up to" the trade agreement signed with the United States in July last year.

Meanwhile, the Federal Reserve will begin its first two-day policy meeting of the year, as traders are looking past the widely anticipated decision to hold rates steady on Wednesday to instead scrutinize the announcement for signals regarding the timing of future cuts.

The 10-year Treasury bond yielded 4.21%, and the two-year bond was at 3.58%. The CME Group's FedWatch tool‘s projections show markets pricing a 97.2% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.

Index

Performance (+/-)

Dow Jones

-0.11%

S&P 500

0.23%

Nasdaq 100

0.52%

Russell 2000

0.30%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Tuesday. The SPY was up 0.26% at $694.52, while the QQQ advanced 0.56% to $628.97.

Stocks In Focus

General Motors

General Motors Co. (NYSE:GM) was 0.48% lower in premarket on Tuesday as it is projected to post quarterly earnings of $2.20 per share on revenue of $45.80 billion before the opening bell.

GM maintains a stronger price trend over the short, medium, and long terms with a moderate quality ranking, as per Benzinga's Edge Stock Rankings.

UnitedHealth Group

UnitedHealth Group Inc. (NYSE:UNH) dropped 8.24% ahead of its earnings, scheduled to be released before the opening bell. Analysts expect quarterly earnings of ...