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Stock futures trade mixed before opening bell as Dow gives up some gains
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U.S. equity futures are trading mixed, with the Dow giving up some of Monday's gains.
DOW JONES AVERAGES
NASDAQ COMPOSITE INDEX
On Wall Street Monday, the S&P 500 rose 0.7% to 3,368.94 after having been down 0.5% in early trading, extending its winning streak to a fifth day. Technology stocks, airlines, cruise operators and other companies that rely on consumer spending helped lift the market. Banks and energy stocks were the only laggards.
Wall Street continues to eye the bond market, where yields pulled back a bit from Friday’s sharp increase. Investors are also focused on the recovery of the U.S. and global economies from the coronavirus pandemic. The $1.9 trillion aid package for the U.S. economy has lifted investors’ confidence in a strong recovery from the pandemic in the second half of the year, but also raised concerns about a potential jump in inflation.
STRIPE NOW MOST VALUABLE US STARTUP Hours before Tuesday's Wall Street's opening bell, the Dow was down, while the tech-heavy Nasdaq was in positive territory. The S&P 500 was teetering just above the postive line.
President Joe Biden's pledge to expand vaccine eligibility to all Americans by May 1 should also translate into faster economic growth.
The Dow Jones Industrial Average gained 0.5%, to 32,953.46. Both indexes hit all-time highs, eclipsing records set on Friday.
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