Stocks Snap Winning Streak, PANW and TGT Slide After Earnings

Equity futures are pointing to a second straight negative day after the S&P 500 snapped its six-day winnings streak on Tuesday. Kevin Green sees markets entering a 'wait-and-see' mode as investors may be taking profits from the recent rally and waiting commentary from Fed speakers and additional tariff news. In earnings reports, Palo Alto Networks (PANW) is sliding despite an earnings beat, as gross margins came in below expectations and saw its backlog disappoint. Target (TGT) shares are falling after the company missed on its earnings report, attributing weak performance due to tariffs and the fallout from its DEI rollback.

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