Stock Futures Are Slightly Lower After S&P 500 Declines

Stock Futures Are Slightly Lower After S&P 500 Declines

Stock futures are slightly lower after S&P 500 declines. Stock futures were mildly lower in overnight trading after S&P 500 ekes out a record close to start November.

Futures on the Dow Jones Industrial Average tumbled by 51 points. S&P 500 futures were also down and Nasdaq 100 futures were near the flatline.

All three major U.S. stock indexes reached new full-time highs and finished during the regular session on Monday.

Gains in Boeing and Dow Inc. contributed to the growth of Dow which rose 94.3 points. The S&P 500 jumped around 0.2%. The Nasdaq Composite gained 0.6%. The small-cap Russell added 2.7%.

Investors awaiting market-moving events this week. Federal Open Market Committee meeting by the Federal Reserve’s highly takes place this week.

Investors are eyeing a number of potentially market-moving events this week. The Federal Reserve’s highly anticipated Federal Open Market Committee meeting takes place this week. The employment report of October declined Friday.

“The November FOMC meeting, October payrolls ... and a host of earnings updates sets up a catalyst heavy week of trading ahead,” Goldman Sachs’ Chris Hussey said.

Investors keep eye on earnings reports Tuesday from firms like Under Armour, Pfizer, and Lyft.

The U.S. stock averages were boosted by the stronger-than-expected corporate earnings reports to end October at record highs, with the S&P 500 and Nasdaq reporting gains since November 2020.

According to FactSet, 55.8% of S&P 500 companies have posted quarterly financial results where 82% of them beat earnings estimates.