U.S. Stock Futures Little Changed After Indexes Struggle to Rebound Monday; Bitcoin (BTCUSD) Plunges to Below $90000, Dragging Crypto Stocks Lower

Home Depot (HD) results top estimates but it issues a soft outlook; Super Micro Computer (SMCI) shares are up ahead of its deadline to file financial reports with the Nasdaq; and consumer products giant Unilever (UL) parts ways with its CEO after less than two years in the position.

Major stock indexes futures showed little movement on Tuesday morning as investors awaited key consumer data following a sell-off last week. Here's a snapshot of what's driving markets today:

• US Stock Futures Little Changed After Indexes Struggle to Rebound Monday

U.S. stock futures showed little movement as indexes struggled to rebound from last week's sell-off on Monday. S&P 500 futures edged lower after the benchmark index notched its third consecutive losing session. Nasdaq futures were 0.3% lower after falling 1.2% yesterday, while Dow Jones Industrial Average futures ticked higher. Investors watched for economic data on home prices and consumer confidence today. Yields on the 10-year Treasury note fell to around 4.3%, and gold and oil futures also edged lower.

• Bitcoin Plunges to Below $90,000, Dragging Crypto Stocks Lower

Bitcoin (BTCUSD) fell 2.5% to trade below $90,000, its lowest level since November, sparking a drop in crypto-related stocks. Shares of Bitcoin buyer Strategy (MSTR), formerly called MicroStrategy, fell about 5% in premarket trading after declining nearly 6% yesterday. Crypto brokerage Coinbase (COIN) and online broker Robinhood (HOOD) fell by about 4%. Bitcoin mining firms Mara Holdings (MARA) and Riot Platforms (RIOT) were also roughly 4% lower.

• Home Depot Results Top Estimates But Retailer Issues Soft Outlook

Home Depot (HD) posted fourth-quarter results that topped analysts' estimates but issued a soft outlook. The company reported adjusted earnings per share (EPS) of $3.13 on revenue of $39.70 billion. Analysts polled by Visible Alpha had expected $3.03 and $39.12 billion, respectively. However, the retailer forecast 2025 total sales growth, comparable store sales, and adjusted EPS that came in lower than consensus estimates. Shares edged higher in premarket trading after initially declining following the report.

• Supermicro Stock Rises Ahead of Nasdaq Filing Deadline

Super Micro Computer (SMCI) shares rose 3% in premarket trading ahead of its deadline today to submit delayed financial reports. Failure to meet today's deadline could result in a delisting of the company's stock from the Nasdaq. Last year, the server maker announced that it wasn't able to file its Form 10-K for fiscal 2024 because of the accounting questions, though an independent investigation found no misconduct in the company’s accounting practices. Earlier this month, the firm said it expected to meet the deadline. 

• Unilever Parts Ways With CEO

Consumer goods giant Unilever (UL) said that Chief Executive Officer (CEO) Hein Schumacher was stepping down after less than two years in the role. Schumacher will be replaced by Chief Financial Officer (CFO) Fernando Fernandez. UBS analysts called the move by the Dove soap and Hellmann's mayonnaise maker "unexpected." Unilever's U.S.-listed shares, which had risen 11% over the past 12 months entering Tuesday, slipped about 1% in premarket trading.