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U.S. Stock Futures Ease from Fresh Records

Published 17/08/2021, 10:21 am
© Reuters.

By Oliver Gray

Investing.com - U.S. stock futures traded slightly lower in early APAC deals on Tuesday, after both the Dow and S&P 500 eked out fresh record high closes while gaining for 5 consecutive sessions as market participants cheered robust corporate earnings reports, while gains in technology stocks offset declines in financials amid slowing global growth.

In regular trade on Monday, the Dow Jones Industrial Average added 110 points or 0.31% to 35625.39 while the S&P 500 gained 11.73 points or 0.26% to 4479.72. The NASDAQ Composite, however, declined 29.14 points or 0.2% to 14793.76.

Among stocks, Tencent Music Entertainment Group (NYSE:TME) lifted 3.36% in extended trading after the company reported a beat on earnings while missing Q2 revenue expectations. Meantime, Roblox Corp (NYSE:RBLX) dipped 5.11% after-hours following a miss in Q2 revenue expectations after reporting earnings.

On the bond markets, U.S 10-year Treasury bond yields steady were at 2-week lows of 1.268%.

Among data, investors will be closely monitoring retail sales data set to be released on Tuesday, with analysts expecting a slowdown from last month's reading due to the increasing spread of the coronavirus Delta variant.

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