Stock futures slipped Tuesday as Wall Street continued analyzing which sectors to pour money into amid a postelection rally that’s sent equities to record levels.
Futures for the Dow Jones Industrials slumped 36 points, or 0.1%, to 44,407.
Futures for the S&P 500 eased 10 points, or 0.2%, to 6,021,75.
Futures for the NASDAQ Composite Index stumbled 38 points, or 0.2%, to 21,179,75.
Monday’s action comes amid a market upswing that began following last week’s presidential election won by Donald Trump. The Dow gained more than 300 points to close higher than 44,000, while the S&P 500 finished the session just over 6,000. With that, Monday marks the first time either finished a trading day above those respective levels.
Market participants will then turn attention to consumer and producer price index readings scheduled for later in the week. The release of data from these inflation gauges comes after the Fed last week announced another interest rate cut.
Traders will also parse earnings releases from Home Depot and Shopify expected on Tuesday.
In Japan, the Nikkei 225 subsided 0.4% Monday, while in Hong Kong, the Hang Seng skidded 2.8%.
Oil prices took on 51 cents to $68.55 U.S. a barrel.
Gold prices lost $13.40 to $2,604.30 U.S. an ounce.
