Stock market today: Dow in fresh record close as Powell signals rate cut incoming
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* Futures down: Dow 0.17%, S&P 0.25%, Nasdaq 0.29%
By Medha Singh
April 6 (Reuters) - U.S. stock index futures fell on Tuesday
as investors locked in some gains after the S&P 500 and the Dow
closed at record highs on renewed recovery hopes.
The S&P 500 has risen for three straight sessions with
volatility index .VIX retreating to pre-pandemic lows, driven
by scores of fiscal stimulus and swift vaccinations.
Tech and other growth stocks have awakened after lagging in
recent weeks behind so-called value stocks expected to
outperform as the economy emerges from the coronavirus pandemic.
The tech-heavy Nasdaq is now about 3% from its February
record high after falling as much as 12% from that level.
Progress in President Joe Biden's new infrastructure
proposal and the start of the earnings season in the coming
weeks could dictate the course of stock markets, analysts said.
Later in the day, investors will turn to a reading of U.S.
job openings for February. The data follows blowout employment
as well as service sector reports for March.
At 6:26 a.m. ET, Dow E-minis 1YMcv1 were down 58 points,
or 0.17%, S&P 500 E-minis EScv1 were down 10.25 points, or
0.25% and Nasdaq 100 E-minis NQcv1 were down 38.75 points, or
0.29%.
Snap Inc SNAP.N rose 1.5% premarket after Atlantic
Equities upgraded its rating on the photo-messaging app owner's
shares to "overweight" from "neutral".