Stock futures slipped early Tuesday, putting the S&P 500's six-day winning streak in jeopardy.

lost 0.3%. were down 0.4%, while futures tied to the shed 31 points, or 0.1%.

Shares of were trading 2% higher in Tuesday's premarket hours, after the home improvement retailer , expecting total sales for the full year to grow by 2.8%. CFO Richard McPhail also said the company doesn't have any plans to raise prices in the face of higher tariffs.

The moves in futures follow a relatively calm trading session on Monday that saw the grind higher by 0.09% for its sixth straight positive session. The gained about 137 points, or 0.32%, while the ticked up just 0.02%.

While were marginal, they do add to what has been a rapid and sharp rebound for stocks over the past five weeks. The S&P 500 is now just 3% from its record high.

The gains came despite continued uncertainty around the impact of tariffs on the economy and worries about a potential U.S. recession. Investors even shrugged off the by Moody's Ratings.

That backdrop has led to some skepticism about the rally, but Carson Group chief market strategist Ryan Detrick told C온라인카지노사이트 that the rebound should be taken seriously.

"All these worries and concerns are real. We're not ignoring everything that's out there. But are we listening to what the market's doing, right? The previous 27 trading days, the S&P 500 is up close to 20%. … That's not a bear market rally. That's not a short-covering rally," Detrick said Monday on "."

Traders on Tuesday will keep an eye out for commentary about the Federal Reserve's interest rate policy, as several central bank officials are scheduled to speak on Tuesday, including St. Louis Fed President Alberto Musalem.

HSBC sees signs of global reallocation towards European equities

We could just be at the beginning of a structural shift in global equity flows, according to HSBC.

"In many ways, the current muddle-through scenario – marked by wavering tariffs and shifting policy signals – might be the environment most likely to trigger a rotation in global equities," wrote HSBC strategist Alastair Pinder in a Tuesday note. "If conditions were as dire as markets feared following 'Liberation Day,' the damage would have hit risk assets broadly. Instead, what we're seeing is a more nuanced backdrop: the U.S. no longer looks as exceptional, while other economies across the world are ramping up stimulus."

The strategist added that he has begun to see signs of global investors reallocating their flows towards European equities.

"Our model, which uses higher-frequency flow data into select non-U.S. domiciled or sold ETFs and mutual funds, estimates that from April through 9 May foreign investors pulled cUSD30bn from U.S. equities. Interestingly, there is evidence European equities are benefiting, with substantial inflows of USD35bn year-to-date, especially into Germany," he added.

— Lisa Kailai Han

Bank of America says to buy JPMorgan Chase stock following latter's Investor day

Following 's Investor day, Bank of America reiterated its bullish stance on the bank stock.

"Investor day provided plenty for the Street to like, with management laser focused on optimizing ROE by efficiently growing the business, while ensuring ROE resiliency by undertaking investments to ensure sustained growth," wrote analyst Ebrahim Poonawala. "Beyond the superior execution, we view the stock as offering an attractive risk/reward to gain exposure to several secular themes including private credit, wealth management, payments/digitization, AI led efficiency gains, and unlocking earnings from a shift to a balanced regulatory backdrop."

Poonawala was assured by CEO Jamie Dimon suggesting that he is unlikely to step down as CEO in the near term, which the analyst said removed the "single biggest idiosyncratic risk factor debated by investors." Meanwhile, management seemed open to potential M&A activity as a way to deploy its excess capital.

Poonawala's price target of $300 is roughly 13% above where shares of JPMorgan closed on Monday.

— Lisa Kailai Han

Home Depot rises after retailer keeps full-year outlook

shares climbed more than 1% after the company maintained its full-year guidance.

The home improvement retailer . Comparable store sales are forecast to expand by about 1%.

CFO Richard McPhail also said the company won't hike prices due to tariffs.

— Fred Imbert

What Monday's turnaround shows investors, according to Barclays

Barclays' trading desk highlighted two takeaways from Monday's market comeback:

1. "The market is still deeply wedded to the tension between fiscal (positive via stocks) and the payback. ... However, even if there is an appetite to gravitate towards 'round' numbers ... the fact is that yields have not really moved enough locally for them to matter for equities near term."
2. Investors are not done taking on risk. "Although it is hard to claim that 'systematics' are responsible for the morning squeeze (or retail for that matter), we should nonetheless respect that there are several verticals of investor that are insufficiently risked into a market that is now +110bps YTD (SPX)."

— Fred Imbert

Big Tech stocks outperforming in May

As the market has gotten closer to its record high, the megacap tech stocks have reasserted their leadership.

This month, the is up more than 13%, while the Nasdaq 100-tracking is up 9.8%. Meanwhile, the is up 7.3% month to date, and the trails even further behind with a 6.4% gain.

One outlier to this trend is , which is down about 1.8% month to date.

— Jesse Pound

Storm clouds on Treasurys' horizon, with or without Moody's downgrade: Capital Economics

Friday's credit downgrade of the U.S. by Moody's Ratings comes at what was already a "tough time" for the Treasury market, according to a strategist for Capital Economics.

"The decision by Moody's to downgrade the U.S. government's credit rating highlights that there are several potential storm clouds on the horizon for Treasuries," wrote Thomas Mathews, head of markets for Asia Pacific.

Sentiment toward the safe-haven status of Treasuries "has arguably deteriorated a bit of late, and the Moody's downgrade comes at a slightly more fragile time for the U.S. bond market," than was the case when Standard & Poor's downgraded U.S. debt in 2011, Mathews wrote.

"It's becoming easier to build a more-negative case for the fortunes of the world's largest bond market," Capital Economics said, citing multiple causes of concern:

• Long-dated Treasurys that have yet to fully recover from their "April dislocation"
• Concerning debt levels and the outlook for still "greater issuance"
• Remote odds for "serious efforts to tackle the U.S. fiscal position"
• Debt ceiling talks later this year that are likely to prove fractious
• Political pressure on the Federal Reserve from the Trump White House
• Shaky demand from Asian buyers

— Scott Schnipper

Equity futures open little changed

Stock market futures were calm when trading resumed at 6 p.m. in New York. S&P 500 futures were down less than 0.1%.

— Jesse Pound