U.S. stock futures edged lower on Thursday, May 15, 2025, as investors weighed corporate earnings reports and awaited key economic data and a speech from Federal Reserve Chair Jerome Powell.

At 5:50 a.m. ET, Dow Jones futures declined by 135 points (0.3%), S&P 500 futures dropped 32 points (0.6%), and Nasdaq 100 futures fell 153 points (0.7%) .

The market’s recent rally, fueled by optimism over a U.S.-China tariff truce, appeared to lose momentum. Additionally, shares of UnitedHealth Group declined following reports of a Department of Justice investigation into the company .

Investors are closely monitoring upcoming economic indicators and Powell’s remarks for insights into the Federal Reserve’s policy direction amid ongoing trade tensions and corporate earnings uncertainties.