Global Stock Rally Hits a Speed Bump
Stock futures dropped due to uncertainty over the Federal Reserve's policy outlook and earnings from Palantir Technologies Inc.
- Contracts for the S&P 500 fell 0.8% after a modest gain on Monday.
- Nasdaq 100 futures tumbled 1.1% with Palantir declining more than 4% in extended trading.
- European shares were set for a weaker open, while Asian equities retreated 0.8%.
A gauge of the dollar extended its gains to a fifth day, strengthening against most Group-of-10 currencies.
No specific quote available in the text.
Author's summary: Stock futures drop due to Fed uncertainty.
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