Stock Market Update

The stock market is on track for a lower start with futures on the S&P 500 trading 13 points below fair value.

The early weakness comes after the market opened Monday's session on a lower note, but recovered its losses as the day went on. As a result, the S&P 500 secured its best close since late February.

The market did not receive any data this morning, but a few retailers reported their quarterly results with Home Depot (HD 387.48, +8.10, +2.1%) on track for a higher start after the company missed Q1 EPS expectations on above-consensus revenue and reaffirmed its FY26 guidance. Notably, the company's CFO said that prices will not increase due to tariffs.

Longer-dated Treasuries hold modest losses with the 10-yr yield up two basis points at 4.49% while the 2-yr yield is little changed at 3.98%.