Wall Street Poised To Open Broadly Lower

(RTTNews) - The White House Summit of European leaders and positive outcomes to end Ukrain-Russia might be the focus on Tuesday. Report on new residential construction might also get attention.

President Donald Trump has suggested a direct talk between Russian President Vladimir Putin and Ukrainian President Volodymyr Oleksandrovych Zelenskyy during a White House summit of European leaders on Monday. Media reports suggested that Zelenskyy suggested a ceasefire to start negotiations to end the war. Switzerland offered to host the meeting between Putin and Zelenskyy. Meanwhile Russia has extended an invitation to Trump to visit Kremlin for a follow up meeting.

Asian shares finished mostly lower, while European shares are trading positive.

As of 8.10 am ET, the Dow futures were progressing 62.00 points, the S&P 500 futures were declining 3.75 points and the Nasdaq 100 futures were tumbling 36.50 points.

The U.S. major averages finished mostly down on Monday. The tech-heavy Nasdaq inched up 6.80 points to 21,629.77, the S&P 500 edged down 0.65 points to 6,449.15 and the Dow slipped 34.30 points or 0.1 percent to 44,911.82.

On the Economic front, the Housing Starts and Permits for July will be issued at 8.30 am ET. The consensus is 1.290 million, while it was up 1.321 million in June.

The E-Commerce Retail Sales for the second quarter will be released at 10.00 am ET. In the prior quarter, the sales were up 0.1 percent.

The eight-week Treasury bill auction will be held at 2.00 pm ET.

Fed Vice Chair for Supervision Michelle Bowman will speak on 'Fostering New Technology in the Banking System' before the Wyoming Blockchain Symposium 2025 at 2.10 pm ET.

Asian stocks ended mostly lower on Tuesday. China's Shanghai Composite index ended marginally lower at 3,727.29. Hong Kong's Hang Seng index ended 0.21 percent lower at 25,122.90.

Japanese markets slipped. The Nikkei average dipped 0.38 percent to 43,546.29 while the broader Topix index closed 0.14 percent lower at 3,116.63.

Australian markets fell notably. The benchmark S&P/ASX 200 fell 0.70 percent to 8,896.20 while the broader All Ordinaries index ended down 0.65 percent at 9,173.80.