US STOCKS-Futures dip after S&P 500's best day in nine months

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* Futures down: Dow 0.21%, S&P 0.33%, Nasdaq 0.36%

By Shashank Nayar and Medha Singh
March 2 (Reuters) - U.S. stock index futures retreated on
Tuesday after Wall Street's strong start to March as investors
closely monitored the bond market as well as progress on the
next round of fiscal stimulus.
The S&P 500 ended 2.4% higher on Monday, its best day since
June as markets cheered approval of a third COVID-19 vaccine in
the United States and the U.S. House of Representatives' green
light for a $1.9 trillion coronavirus relief package.
The U.S. Senate will start debating President Joe Biden's
relief bill this week when Democrats aim to pass the legislation
through a maneuver known as "reconciliation," which would allow
the bill to pass with a simple majority. At 6:32 a.m. ET, Dow E-minis 1YMcv1 were down 65 points,
or 0.21% and 500 E-minis EScv1 were down 13 points, or 0.33%.
Nasdaq 100 E-minis NQcv1 were down 47.5 points, or 0.36%.
The U.S. bond markets have stabilized since a selloff sent
the benchmark 10-year Treasury yield US10YT=RR to a one-year
high last week, sparking fears over high valuations in the stock
market and emerging as a competitive alternative to equities.
Later in the week, investors will focus on ISM's service
sector survey as well as the monthly U.S. jobs report to
ascertain the economic health.
Bank of America Corp BAC.N , Citigroup Inc C.N , JPMorgan
Chase & Co JPM.N , Wells Fargo & Co WFC.N and Morgan Stanley
MS.N dipped between 0.3% and 1.1% premarket.
Zoom Video Communications Inc ZM.O jumped about 10% after
the company forecast current-quarter revenue above estimates, as
it expects millions of people to continue using its
video-conferencing platform. GameStop GME.N and other "meme" stocks AMC Entertainment
AMC.N and Koss KOSS.O shed about 1% and 4.4% after a sharp
surge on Monday with no apparent news on the shares.