US stock futures were little changed on Tuesday following a record-setting rally powered by gains in megacap technology stocks. On Monday, the S&P 500 and Nasdaq Composite both reached all-time highs for a third consecutive session. Investors are now looking ahead to the release of the PCE price index on Friday, which could influence the Federal Reserve’s monetary policy decisions.
- The Dow added 0.14% for its fourth consecutive gain.
The information suggests continued positive momentum for the Dow, although the gains were modest compared to the technology-heavy indexes. While other sectors may be contributing, technology advancements and investor optimism in that arena appear to be indirectly supporting the overall market performance as reflected in the Dow.