US stock futures edged lower Wednesday night, signaling continued caution after Wall Street logged its second straight day of losses, the first back-to-back losses for all three major indexes so far this year.
Dow Jones Industrial Average futures (YM=F), futures tied to the S&P 500 (ES=F), and futures on the Nasdaq 100 (NQ=F) each fell roughly 0.2%.
During regular trading Wednesday, technology shares led the market lower, dragging major indexes into the red. The S&P 500 (^GSPC) closed down 0.5%, while the Nasdaq Composite (^IXIC) dropped 1%. All three benchmarks have now posted back-to-back declines.
AI darling Nvidia (NVDA) saw shares lose value even after the US formally gave the green light to its chip exports to China, as reports emerged of a 25% tariff on select semiconductor imports. Tariffs have been under question this week as the Supreme Court has pushed past two potential days to announce a ruling on the legality of the framework tariffs have been issued under.
Investor sentiment also continues to see strong impacts from geopolitical issues, as Trump administration officials met Wednesday with Danish and Greenlandic leaders while the president continues to push for US control of Greenland. A Danish official said the talks failed to resolve what he called a “fundamental disagreement” over ownership.
Markets have also been rattled by Trump’s continued legal and verbal barrage on Federal Reserve Chair Jerome Powell. Concerns about the Fed’s independence intensified this week after Powell confirmed that the Justice Department has opened a criminal investigation involving the central bank chief.
Looking ahead to Thursday, investors will be watching a fresh batch of earnings from Goldman Sachs (GS), Morgan Stanley (MS), and BlackRock (BLK), alongside the release of weekly jobless claims data.
Coming soon
Stock market coverage for Thursday, January 15, 2026.
