Futures U.S. stock markets rose slightly during overnight trading, after shares fell in the regular session.
Dow futures rose 85 points. The S&P 500 futures gained 0.27% and the Nasdaq 100 futures rose 0.35%.
On Tuesday, the main averages returned some of their strong gains starting Monday. The Dow Jones Industrial Average lost 143 points, pressured by a 2.6% drop from Intel. The S&P 500 recorded a loss of 0.8%.
The Nasdaq Composite was the relatively low-performing, dropping around 1.7%, as Facebook, Microsoft, Amazon, Apple, Netflix and Google Alphabet closed lower. The Russell 2000 minimum capitalization level fell 1.93%.
“On a day with little major news and ahead of important news to come soon (Fed meeting and job figures), investors took the opportunity to reap some benefits from yesterday’s big recovery,” said Jim Paulsen, chief investment strategist at the Leuthold Group. CNBC. “Tuesday’s worst performer, technology, was yesterday’s biggest winner.”
The 10-year Treasury yield, closely monitored by investors recently, fell to 1.40% on Tuesday. Yield rose to a high of 1.6% last week, raising concerns among investors about higher borrowing costs and inflation.
“Overall, buying in the dive is alive,” Paulsen added. “Despite a couple of turbulent days, the S&P 500 has risen 1.55% so far this week dominated by the reopening of plays that include materials, industrial, financial and energy, with technology being one of the best market performance “.
President Joe Biden said Tuesday afternoon that the United States will have a sufficient supply of coronavirus vaccines to vaccinate all adults in the nation by the end of May. This would be two months ahead of schedule. The deployment of vaccines is considered a key part of getting Americans back to work and recovering the economy.
February private payroll data is due to be released at 8:15 a.m. Wednesday. This will allow investors to read the job market. Economists surveyed by the Dow Jones predict that 225,000 private jobs were added in February, up from 174,000 added in January.
Brown-Forman, Dollar Tree and Wendy report quarterly earnings before the bell on Wednesday.
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