Here’s what we’re watching ahead of Tuesday’s opening bell.
—U.S. stock futures edged down, signaling that major indexes may take a breather after signs of a rapid economic recovery powered them to record highs.
Futures tied to the S&P 500 edged down 0.2%, a day after the benchmark gauge of large-cap stocks rose to its 17th all-time closing high of 2021. Contracts for the Dow Jones Industrial Average, which on Monday reached a new peak for the 18th time this year, slipped 0.2%. Futures for the technology-heavy Nasdaq-100 index were flat.
—The International Monetary Fund on Tuesday raised its forecast for this year’s global growth in response to U.S. fiscal stimulus and vaccinations.
What’s Coming Up
—Earnings are due from Smart Global Holdings after the close.