By Oliver Gray
Investing.com - U.S. stock futures were slightly lower in early APAC deals on Tuesday, with all three major benchmark indices closing at fresh record high valuations as sentiment was boosted after the Congress approved an infrastructure spending package last week, while strong corporate earnings results also buoyed risk sentiment.
The Dow Jones Industrial Average added 104.27 points, or 0.29%, to 36432.23. The S&P 500 gained 4.15 points or 0.09% to 4701.69 and the Nasdaq Composite ticked up 10.77 points or 0.07% to 15982.36.
Dow Jones 30 Futures fell 0.12% S&P 500 Futures were down 0.05% and Nasdaq 100 Futures lost 0.06%.
Among stocks, Tesla (NASDAQ:TSLA) lost 4.84% after founder Elon Musk posted a Twitter (NYSE:TWTR) poll asking whether he should sell 10% of his stock. Nearly 58% of respondents said yes. Meantime, investors digested a slew of earnings after the closing bell with PayPal (NASDAQ:PYPL) dipping 4.96% in extended trade after reporting revenue growth of 13% for Q3, and announcing a collaboration with Amazon (NASDAQ:AMZN) to let U.S. customers pay with Venmo at checkout, starting in 2022. AMC Entertainment Holdings Inc (NYSE:AMC) also dipped 4.77% in after-hours trade despite posting a smaller-than-expected loss for the third quarter. Roblox Corp (NYSE:RBLX) also surged 29.23% after reporting quarterly results that beat analysts’ expectations.
On the bond markets, United States 10-Year yields were at 1.491%.
Ahead in the week, market participants will be closely watching key inflation data, with the producer price index reading due on Tuesday and the consumer price index on Wednesday.