Stock markets have largely shrugged off Moody’s Ratings stripping the U.S. of its last triple-A credit rating.

U.S. markets edged lower in trading before the opening bell as the last few major companies report earnings amid a dearth of market-moving news

Futures are pointing to a mixed open for major U.S. stock indexes on Tuesday as the S&P 500 aims to extend its winning streak to seven consecutive sessions.

U.S. stock indexes are drifting lower as momentum slows for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set earlier this year. The S&P 500 was down 0.3% in early trading Tuesday.

U.S. stocks finished near the unchanged mark on Monday with market sentiment weakened by the downgrade of the federal government's perfect sovereign credit rating owing to its huge debt profile.

The S&P 500 is now just 3% from its record high despite continued uncertainty around the impact of tariffs on the economy.

Wall Street analysts have downwardly revised their earnings estimates since President Trump took office because tariffs are expected to be a headwind to economic growth. The consensus estimate in January said S&P 500 companies would report 14% earnings growth in 2025, but analysts now expect 8.5% earnings growth, according to LSEG.

U.S. futures surged Monday after the U.S. and China announced they were suspending for 90 days most of the sharp tariff hikes each has imposed since U.S. President Donald Trump began escalating his trade war.

Oil futures rise for a fourth straight session on improved sentiment after the U.S. and China agreed to cut tariffs for 90 days, which has eased concerns about loss of demand at a time when OPEC+ is raising output.

Wall Street's main indexes opened lower on Tuesday as investors awaited commentary from Federal Reserve officials through the day to assess the potential impact of U.S. President Donald Trump's tariffs in the second half of 2025.