Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Stock futures rose modestly Tuesday night after a losing session on Wall Street that pushed indexes further away from record levels.
Futures linked to Dow Jones Industrial Average added 87 points, or 0.2%. S&P 500 Futures and Nasdaq 100 Futures each also rose 0.2%.
Those movements following a negative day for the three main indices. He Dow fell almost 0.1%, while the Nasdaq Composite fell 0.4% as technology stocks struggled. With a drop of 0.3%, the S&P 500 recorded its third consecutive day of falls.
That action comes after all three major indexes closed at record levels last week. But despite the recent pullback, all three averages are still on track to finish the trading month and quarter, which conclude at Thursday's closing bell, in the green.
"Valuations could bring us back to some sort of reality," said Robert Schein, chief investment officer at Blanke Schein Wealth Management. But "in the long term, this rally has strength and there is a lot of momentum due to liquidity."
As of Tuesday's close, the S&P 500 has added 2.1% for the month and 9.1% for the quarter. The Nasdaq rose 1.4% in March and 8.7% in the three-month period, while the Dow Jones rose 0.7% and 4.2% in the respective periods.
Traders will closely monitor comments from Federal Reserve Governor Christopher Waller on Wednesday afternoon. No closely watched economic data is expected on Wednesday.
Later in the week, investors will be watching data on jobless claims, gross domestic product and consumer confidence on Thursday. While the market is closed on Good Friday, the focus will be on posts tied to personal income, consumer spending and personal consumption expenditures expected in the morning.
