Stock futures little changed after S&P 500 slips from record high: Live Update
Stock futures were quiet Tuesday evening as Wall Street looked to see if equities could rebound to record highs this week.
The future is bound S&P 500 was less than 0.1%. Nasdaq 100 futures Tick less by 0.1%, while Dow Jones Industrial Average Futures fell just 37 points.
D Dao And S&P 500 Both slipped from their recent highs in Tuesday's regular trading session, falling 0.75% and 0.76%, respectively. D Nasdaq Composite Down 1.01%, but still 2% short of its own record high. Tech stocks — semiconductors, in particular — weighed on the S&P 500 and Nasdaq. The tech sector fell 1.8% on Tuesday Nvidia Decreased by more than 4%.
Brian Talkington, managing partner at Requisite Capital Management, said on CNBC's “Closing Bell” that the stock market will likely turn sour in the weeks ahead as investors try to navigate earnings season and the presidential election.
“Until the election is over and we can confirm gridlock, I don't think we're going to do much on the headline numbers, but I think beneath the surface we'll see the haves and have-nots,” he said.
Earnings reports were mixed this week, with slightly less solid reports from big banks offset by a weaker outlook for firms. United Health Group and Dutch chipmakers ASML.
Wednesday, Morgan Stanley And Abbott Laboratories There are two notable reports ahead of the market open.