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Stock market today: Dow futures sink over 100 points as doldrums persist

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Investors are growing gloomy about the chances the Fed will delay a rate cut until the second half of the year.

US stocks were poised for losses on Tuesday, signaling another day in the doldrums as healthcare insurers tumbled and investors faced up the chances an interest rate cut will come later than hoped. Futures on the Dow Jones Industrial Average slipped 0.4%, or 160 points, setting the blue-chip index back from a bid to reach the key 40,000 level. S&P 500 futures shed 0.3%, while contracts on the tech-heavy Nasdaq 100 fell 0.4%.

Hotter-than-expected manufacturing readings have given weight to growing doubts the Federal Reserve will cut rates in the first half of the year as the US economy shows surprising resilience. An update on job openings data later Tuesday should provide food for thought in the countdown to Friday's jobs report, a key input in the Fed's decision making.

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