US stock futures inched back upwards after another brutal sell-off rocked Wall Street deepened fears about the trajectory of the economy.
Futures attached to the Dow Jones Industrial Average (YM=F) crept up 0.4%. Futures attached to the benchmark S&P 500 (ES=F) climbed 0.3%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) gained 0.2%.
On Monday, the three major indexes built on losses from the previous week, with the tech-heavy Nasdaq Composite ( ^IXIC ) falling a whopping 4% as "Magnificent Seven" stocks faltered .
The mood on Wall Street has grown increasingly foreboding as President Donald Trump presses on with his fast-moving trade war , undeterred by concerns over the health of the US economy. Goldman Sachs became the latest Wall Street firm to slash economic forecasts amid the tariff turmoil.
Read more: The latest on Trump's tariff plans
Delta Airlines ( DAL ) cut its outlook for the current quarter on Monday, citing "macro uncertainty," in an early read on how a gloomy economic mood could weigh on corporate performance this year. The airline company's shares plunged after-the-bell.
Investors are anticipating a pulse check on the state of inflation later this week, with February's Consumer Price Index (CPI) print due Wednesday and a reading on the Producer Price Index (PPI) set for Thursday.
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