Traders on the floor of the New York Stock Exchange on April 14, 2022.
Source: New York Stock Exchange
Stock futures fell Tuesday night as investors awaited a key inflation report due out later this week.
Futures linked to Dow Jones Industrial Average fell 40 points, or 0.1%. S&P 500 Futures fell 0.04%, while Nasdaq 100 Futures fell 0.09%.
In after-hours trading, online market eBay jumped more than 3% after announcing it was raising its quarterly dividend and would spend an additional $2 billion on buybacks. urban providers lost 10% after missing estimates for fourth-quarter top and bottom lines.
At Tuesday's ordinary session, the S&P 500 and the Nasdaq Composite It ended the day with small gains, 0.17% and 0.37%, respectively. The action of 30 Dow fell for the second consecutive day, 0.25%.
The S&P 500 and Dow are nowhere near the highs they hit late last week, but investors may want to think twice before aggressively rallying stocks.
"I just don't think it's pursueable right now," Drew Pettit, Citi's head of U.S. equity strategy, said on CNBC.Closing bell: extra time." "A lot of good news is being discounted; In fact, we are trading higher even though the reporting season really hasn't been great; We haven't really had a lot of beats and wide rises."
"Enjoy the ride in stocks right now," he added. "If you want to be more aggressive, wait for a better time."
On Wednesday, investors will learn about the results of retail companies. TJX because. and pharmaceutical company traveled in the morning. Sales force will publish its quarterly figures after closing.
On the economic front, investors will look for wholesale inventory data on Wednesday. However, the January personal consumption spending reading will be the main event on Thursday, as it is the Federal Reserve's preferred measure of inflation.
