Stocks Flat After Record Session



U.S. stock index futures were little changed on Tuesday as investors digested sharp gains from the previous session that pushed equities to fresh record highs.

Futures for the Dow Jones Industrials nicked 17 points, or 0.1%, higher Tuesday to 28,056.

Futures for the S&P 500 edged higher 0.5 points at 3,133.25.

The NASDAQ Composite moved higher by 1.75 points to 8,378.25.

Abercrombie & Fitch, Best Buy and Dell are among the firms announcing earnings today.

On the data front, advanced economic indicators for October, the October international trade deficit, and the Philadelphia Fed non-manufacturing index for November will be released at 8:30 a.m. ET.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index (HPI) for September, new home sales for October and consumer confidence figures for November will follow slightly later in the session.

Tuesday’s muted moves come after the major averages all set record closing highs amid optimism around the U.S.-China trade talks.

China’s ministry of commerce said Monday that the leaders of China and the U.S. spoke over the phone.

It is yet unclear if both sides will be reaching a compromise before Dec. 15, when new U.S. tariffs on Chinese goods are set to kick in.

Overseas, in Japan, the Nikkei 225 gained 0.4% Tuesday, while in Hong Kong, the Hang Seng Index sank 0.3%.

Oil prices gained 26 cents to $58.27 U.S. a barrel.

Gold prices settled $1.20 to $1,455.70 U.S. an ounce.