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Stock Futures Edge Down by index hit hit



US stock futures fell on Tuesday, signaling that large indices could take a breather, after signs of a rapid economic recovery have led them to record highs.

Futures tied to the S&P 500 rose 0.1%, a day after the benchmark measurement of large investments rose to the 17th closed highest level in 2021. Contracts for the Dow Jones Industrial Average, which on Monday reached a new high of 18 This year, 0.1% also slipped. Futures for the technology-heavy Nasdaq-100 index were relatively flat.

Stocks have jumped at the start of the second quarter due to optimism that public spending, vaccinations and easing of restrictions will release an enchantment of rapid economic growth. A number of data have provided evidence that a recovery in activity and employment is underway a year after the pandemic slammed the brakes on the economy. Investors are betting that sectors such as banking and mining will benefit from the reopening. Technology inventories have also risen after fluctuating a few times in the first quarter.

“It simply came to our notice then [economy] has just hit the accelerator, ”said Brian O̵

7;Reilly, Head of Marketing Strategy for Mediolanum International Funds. The recent rally shows signs of being broad and is not only concentrated in economically sensitive sectors that suffered most from the pandemic in 2020, he added. “We’ve certainly seen a moderation in the one-way bet that was placed until maybe mid-March.”

The Cboe Volatility Index, which measures expected fluctuations in the S&P 500 based on option prices, rose up to 18.04. It is almost the lowest level since before the pandemic began rattling markets in late February 2020.


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