SPDR S&P 500 ETF Dips 0.16% Premarket After 1.4% Weekly Slide
U.S. S&P 500 futures fell 0.14% premarket, with SPDR S&P 500 ETF down 0.16% after the index posted a 1.4% weekly decline following the partial government shutdown. Market pricing assigns a 90.2% probability of the Federal Reserve maintaining current rates in March, supporting cautious investor sentiment.
1. Market Performance Overview
U.S. stock futures opened mixed Tuesday after Friday's mixed close, with S&P 500 futures down 0.14% and Nasdaq 100 futures off 0.47%. Last week’s benchmarks all ended in the red, featuring a 1.4% S&P 500 slide, a 1.2% Dow Jones drop and a 2.1% Nasdaq decline during the holiday-shortened session.
2. SPDR S&P 500 ETF Premarket Movement
The SPDR S&P 500 ETF traded 0.16% lower premarket to reflect broader index weakness, as investors weigh this week’s earnings from Walmart, DoorDash and Molson Coors against rising bond yields—10-year at 4.02% and two-year at 3.39%.
3. Government Shutdown and Fed Outlook
A partial government shutdown that began Saturday heightened risk aversion, while markets assign a 90.2% probability of the Fed holding interest rates in March. This outlook has tempered volatility expectations for the holiday‐shortened trading week.