U.S. stock futures fell sharply on Tuesday night, pointing to another volatile session on Wall Street following a massive rally.
Around 7:30 p.m. ET, Dow Jones Industrial Average futures were down about 280 points, indicating a loss of more than 400 points at the open. S&P 500 and Nasdaq 100 futures also pointed to sharp losses.
"Stocks posted impressive headline gains, but more strength needs to be seen beneath the surface to have confidence that the downside momentum in stocks has been broken," Willie Delwiche, investment strategist at Baird, said in a note. "The weight of the evidence continues to argue for caution in the near term and we recommend that investors remain patient in the face of ongoing market volatility.
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