Home / Business / Stock Futures fell after the index entered the statistics.

Stock Futures fell after the index entered the statistics.

U.S. futures stocks fell on Tuesday, a sign that major indices may have stopped breathing after signs of a rapid economic recovery set them to record highs.

Futures linked to the S&P 500 were down 0.1%, a day after the benchmark of large stocks rose to a 17 all-time high of 2021 contracts for the Dow Jones Industrial Average, which on Monday reached a new high. For the 18th time this year, it was also down 0.1%. Futures for the tech-based Nasdaq-100 index were relatively stable.

Shares skyrocketed in the beginning of the second quarter amid optimism that government spending, vaccinations and easing restrictions are unleashing rapid economic growth. The dataset offers evidence that a resurgence in activity and employment is underway a year after the epidemic has hit the economy. Investors are betting that sectors such as banking and mining will benefit from the reopening. Tech stocks also rose after a number of wobbles in the first quarter.

“It looks like the US [economy] It has just been accelerated, ”said Brian O̵

7;Reilly, head of marketing strategy at Mediolanum International Funds. But it is concentrated in the economically sensitive sectors most affected by the 2020 epidemic, he added, “We have certainly seen moderation in the one-way bets to be placed until mid-March.”

The Cboe Volatility Index, which measures expected swings in the S&P 500 following options prices, moved to 18.04 near their lowest level since before the outbreak began to shake the market at the end of the month. February 2020

Source link