Stock futures edged down early Tuesday following two consecutive winning sessions that offered a reprieve from the market’s recent sell-off. Dow Jones Industrial Average futures fell 119 points, or about 0.3%, while S&P 500 futures also dipped 0.3%. Nasdaq 100 futures lost about 0.5%. Those moves follow a second-straight winning session on Wall Street. That marks a turn after several tough weeks on Wall Street as some soft economic data and President Donald Trump’s on-again-off-again tariff policy left investors wary of the U.S.′ financial health. Tesla, one of the stocks hardest hit during the market’s recent correction, was down yet again on Tuesday. The stock fell more than 3% in the premarket after RBC Capital Markets lowered its price target on the electric vehicle name, citing rising competition in the EV space. It’s fallen nearly 33% over the past month. The S&P 500 officially entered correction territory last week, but the index has made up some notable ground in the recovery rally seen in Friday’s and Monday’s sessions. Despite the recent bounce, the tech-heavy Nasdaq Composite still sits in a correction, a term used to describe an index falling at least 10% from a recent high. The three major averages all remain down on the year, underscoring the strength of the market’s pullback. While investors continue to follow updates out of the White House, they’ll turn their attention to the Federal Reserve two-day policy meeting that kicks off Tuesday. Traders will closely follow Wednesday afternoon’s interest rate announcement and subsequent press conference with Fed Chair Jerome Powell. Fed funds futures are pricing in a 99% likelihood that the central bank holds rates steady, according to CME’s FedWatch tool. “We had two distinct stages to what was the fifth fastest correction since World War II: The first one was a good old growth scare, then we had pretty nasty technicals,” said Mohamed El-Erian, chief economic advisor at Allianz. “Most of the bad technicals are behind us. So the two questions going forward is: Will the growth scare be contained? And will the hope in the Fed put prove realistic or not?” Before Wednesday’s rate policy announcement, investors will monitor economic data on imports, housing, building and production due Tuesday morning. There are no major earnings reports expected on Tuesday. The benchmark 10-year Treasury yield fell on Monday as investors studied the latest retail sales report to gauge the state of consumer spending, and looked ahead to a big week. The 10-year Treasury note yield was down less than 1 basis point at 4.299%, while the 2-year Treasury yield was up more than 3 basis points at 4.048%. Asia-Pacific markets rose on Tuesday, tracking gains on Wall Street, which ticked up after U.S. retail sales data appeared to ease recession concerns. Hong Kong’s Hang Seng Index led gains in Asia, rising 2.29% in its last hour on the back of strong moves in tech giants like Baidu, which was up 12.11% as at 3.45 p.m. local time. Meanwhile, mainland China’s CSI 300 advanced 0.27% to end the day at 4,007.72. Japan’s benchmark Nikkei 225 ended the day 1.20% higher at 37,845.42, while the broader Topix index rose 1.29% to 2,783.56. Over in South Korea, the Kospi index closed flat at 2,612.34 while the small-cap Kosdaq added 0.27% to end at 745.54. Australia’s S&P/ASX 200 ended the day flat at 7,860.40, paring gains from earlier in the session. Oil prices rose more than 1% on Tuesday to their highest levels since the beginning of the month, supported by instability in the Middle East and China’s plans for more economic stimulus. Brent futures climbed 84 cents, or 1.2%, to $71.91 a barrel by 0911 GMT, while U.S. West Texas Intermediate crude futures also rose 84 cents, 1.2%, to $68.42. Gold hit another record high above $3,000 on Tuesday, with investors seeking the metal as a haven from risk as conflict flared in the Middle East and U.S. President Donald Trump pressed on with tariff plans. Spot gold hit a peak of $3,028.24 in early trade, andwas up 1.1% at $3,034.17 an ounce. Prices climbed above $3,000 for the first time on March 14. U.S. gold futures gained 1.2% to $3,043. “There is a perfect storm of gold-supporting factors,” said Ole Hansen, head of commodity strategy at Saxo Bank. “The latest focus is the Middle East concerns that come on top of economic concerns about the direction of the U.S.”