US stock market futures fell slightly on Tuesday, suggesting that major indexes may take a breather after signs of rapid economic recovery push them to record highs.
Futures prices related to the Standard & Poor’s 500 Index fell 0.1%, a day after the benchmark index of large stocks rose to the 17th historical closing high in 2021. It also fell by 0.1% for the 18th time this year. The high-tech Nasdaq 100 index futures were relatively flat.
As government spending, vaccinations and relaxation of restrictions are releasing rapid economic growth optimism, stocks took a leap in the beginning of the second quarter. A series of data provides evidence that one year after the pandemic hit the economic brake, the number of activities and employment is rebounding. Investors are betting that industries such as banking and mining will benefit from the reopening. After some turbulence in the first quarter, technology stocks also climbed.
“Looks like America [economy] Said Brian O̵
The Cboe Volatility Index rose slightly to 18.04, which measures the expected volatility of the Standard & Poor’s 500 Index based on option prices. This is close to the lowest level since the pandemic caused market turmoil in late February 2020.