U.S. stock futures were mildly mixed on Tuesday ahead of debt-ceiling discussions and retail sales data.
How are stock-index futures trading On Monday, the Dow Jones Industrial Average DJIA rose 48 points, or 0.14%, to 33349, the S&P 500 SPX increased 12 points, or 0.3%, to 4136, and the Nasdaq Composite COMP gained 80 points, or 0.66%, to 12365.How are stock-index futures trading On Monday, the Dow Jones Industrial Average DJIA rose 48 points, or 0.14%, to 33349, the S&P 500 SPX increased 12 points, or 0.3%, to 4136, and the Nasdaq Composite COMP gained 80 points, or 0.66%, to 12365.
Concerns about the impact to markets of a technical default by the U.S. has capped recent gains for stocks, which came after a better-than-expected first quarter earnings season and inflation easing to a two-year low. Consequently, the S&P 500 remains cemented within the 3,800 to 4,200 range it has inhabited for about six months.
Investors should indeed favor caution, argued Stephen Innes, managing partner at SPI Asset Management.
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