U.S. stock index futures traded mixed early Tuesday a day after the Dow and S&P closed at record highs.
Futures for the Dow Jones Industrials gave back 17 points, or 0.1%, to 32,833.
Futures for the S&P inched up four points, or 0.1%, to 3,962.25.
The NASDAQ Composite index saw its futures gain 72.5 points, or 0.6%, to 13,141.25.
During regular trading hours Monday, the Dow jumped 174 points, notching its 21st record intraday high of the year, and 14th record closing high of 2021. It was also the 30-stock average’s seventh straight positive session — the longest daily winning streak since August.
The S&P 500, meanwhile, gained 0.64% for its fifth straight positive session. The benchmark index hit its 16th intraday high of the year, and 13th record closing high. The NASDAQ was the relative outperformer on Monday, gaining 1.1% and clawing back some of its recent losses.
On Tuesday Lennar and CrowdStrike are among the companies set to report earnings. February retail sales data is also set to be released, in addition to builder sentiment data from the National Association of Home Builders.
Despite the recent records for major averages, there’s growing concern among investors that interest rates may continue to climb, snuffing out the comeback for equities.
Traders will get more guidance from the Federal Reserve on rates and inflation on Wednesday. The central bank kicks off its two-day meeting on Tuesday, followed by a statement and briefing from Chairman Jerome Powell the following day.
Overseas, In Japan, the Nikkei 225 gained 0.5% Tuesday, while in Hong Kong, the Hang Seng advanced 0.7%.
Oil prices dropped 87 cents to $64.52 U.S. a barrel.
Gold prices gained $4.10 to $1,733.30 U.S.