U.S. equity futures are pointing to a lower open after a day in which the S&P 500 set its sixth record close of the year.
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Dow Industrial futures are lower by 0.2 percent, S&P 500 futures are off by 0.1 percent and Nasdaq futures slipped 0.2 percent.
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After Monday’s rally, investors were skeptical of further gains for equities after discouraging manufacturing surveys iand a U.S. threat of additional tariffs on European goods.
In Asia on Tuesday, the major markets closed mixed. China’s Shanghai slipped by less than 0.1 percent. Hong Kong’s hang Seng added 1.2 percent as the market caught up to Monday’s rally when Hong Kong markets were closed for a holiday. Japan’s Nikkei added 0.1 percent.
In Europe, London’s FTSE was higher by 0.6 percent, Germany’s DAX was little changed and France’s CAC was higher by 0.1 percent.
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| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 26717.43 | +117.47 | +0.44% |
| SP500 | S&P 500 | 2964.33 | +22.57 | +0.77% |
| I:COMP | NASDAQ COMPOSITE INDEX | 8091.162483 | +84.92 | +1.06% |
The broad-based S&P 500 stock index set a record high Monday, beginning July trading on a robust note as Wall Street reacted to the U.S. and China agreeing at the G20 summit to restart trade talks.
Investor sentiment also rose on the unexpected but historic meeting between President Trump and North Korean leader Kim Jong In.
Shortly after the opening bell, the S&P 500 hit an intraday high right, but shares slowly pared gains in the afternoon as Boeing stock declined following a report that federal prosecutors had subpoenaed records relating to the production of the 787 Dreamliner in South Carolina.
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Semiconductor stocks paced gainers throughout the session on prospects that the Sino-American trade war could end soon.
