U.S. Stock Futures Decline After Monday Record Close
U.S. stock futures opened lower on Tuesday following a record close the previous session. Treasury yields and interest-rate expectations remained steady.
BenzingaU.S. stock futures declined on Tuesday after the major indexes posted a record close on Monday. Dow Jones futures fell 0.28 percent, S&P 500 futures dropped 0.09 percent, Nasdaq 100 futures slipped 0.01 percent, and Russell 2000 futures declined 0.01 percent.
The 10-year Treasury yield stood at 4.43 percent and the two-year yield at 4.02 percent. Market pricing showed a 98.4 percent probability that the Federal Reserve will leave interest rates unchanged at its June meeting.
The SPDR S&P 500 ETF Trust traded 0.083 percent lower at $757.91.
Co. shares rose 26.60 percent in premarket trading after the company reported second-quarter earnings per share of $0.79, above the $0.53 consensus estimate, on revenue of $10.68 billion versus the $9.79 billion estimate. Alphabet Inc. shares declined 2.48 percent after the company announced plans to sell $80 billion in stock, including a $10 billion investment by Berkshire Hathaway Inc.
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