(Sharecast News) - Wall Street futures were in the red yet again ahead of the bell on Tuesday as economic growth fears continued to weigh on major indices.
As of 1210 GMT, Dow Jones futures were down 0.06%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.08% and 0.24% lower, respectively.

The Dow closed just 33.19 points higher on Monday, doing little to reverse heavy losses recorded at the tail end of last week as investors grew concerned about the state of the US economy.

Home Depot earnings were in focus early on Tuesday after the DIY retailer's earnings narrowly beat Wall Street estimates thanks to a 2.8% uptick in comparable sales despite elevated interest rates and housing prices weighing on consumer demand.

Trade Nation's David Morrison said: "US stock index futures were weaker in early trade this morning. The decline was a continuation of yesterday's softer price action which was led by tech stocks. US stock indices were initially firmer on Monday morning. But they sold off as the main exchanges opened for business. They rallied later that afternoon before selling off into the close. There were some notable casualties, particularly amongst the tech majors.

"There are concerning signs across the 'Magnificent Seven' market leaders. Meta Platforms is the only constituent that has made gains so far this year. But it too has run into problems, having lost 10% over the last ten days. This doesn't necessarily mean that this is the end of the world as we know it. Over the same period, the Nasdaq and S&P 500 are up 1.2% and 1.5%, respectively. So, that suggests there's been some healthy rotation out of the overvalued leaders into the broader market."

On the macro front, S&P/Case-Shiller's December house price index will be published at 1400 GMT, while February consumer confidence figures and this month's manufacturing index from the Richmond Fed were slated for release at 1500 GMT and the Dallas Fed's manufacturing business index was slated for release at 1530 GMT.











Reporting by Iain Gilbert at Sharecast.com

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