Weekly losses hit all major indices last week, with the S&P 500 dropping 1.4% and the Dow slipping 1.2%. The Nasdaq recorded a 2.1% weekly decline.
Meanwhile, Congressional Democrats and the administration of President Donald Trump failed to agree on a funding deal through September, triggering a partial government shutdown that commenced Saturday.
Investors will be looking out for earnings releases from Walmart Inc. (NASDAQ:WMT), DoorDash Inc. (NASDAQ:DASH), and Molson Coors Beverage Co. (NYSE:TAP) through the week.
The 10-year Treasury bond yielded 4.02%, and the two-year bond was at 3.39%. The CME Group's FedWatch tool‘s projections show markets pricing a 90.2% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
Index
Performance (+/-)
Dow Jones
0.02%
S&P 500
-0.14%
Nasdaq 100
-0.47%
Russell 2000
-0.21%
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 lower in premarket on Tuesday. The SPY was down 0.16% at $680.65, while the QQQ declined 0.49% to $598.97.
Stocks In Focus
Ocular Therapeutix
Ocular Therapeutix Inc. (NASDAQ:OCUL) soared 33.56% as it is set to announce topline data for SOL-1 Phase 3 superiority trial in wet AMD on Tuesday.
OCUL maintains a stronger price trend over the long term but a weak trend in the short and medium terms, as per Benzinga's Edge Stock Rankings.
Sonoco Products
Sonoco Products Co. (NYSE:SON) gained 2.38% after posting upbeat results for the fourth quarter. The company reported quarterly earnings of $1.05 per share, which beat the analyst consensus estimate of $1.00 per share.
SON maintains a stronger price trend over the short, medium, and long terms, with a poor growth ranking, as per Benzinga's Edge Stock Rankings.
