U.S. Futures Edge Lower; Optimism over Economic Recovery Remains High

U.S. Futures Edge Lower; Optimism over Economic Recovery Remains High

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By Peter Nurse   

Investing.com - U.S. stocks are seen opening marginally lower Tuesday, consolidating after Monday's record highs, but the overall tone remains optimistic as strong data points to a sharp economic recovery.

At 7:05 AM ET (1205 GMT), the contract was down 40 points, or 0.1%, traded 8 points, or 0.2%, lower, and dropped 32 points, or 0.2%.

The closed Monday up 1.4% at a record high of 4,076.72. The rose 1.1%, or 373 points, to close at an all-time high of 33,527.19, while the ended up 1.7%.

This positive tone has been based on signs of a strong economic recovery, as illustrated by Friday's blowout and Monday's surge in , as a successful vaccination program leads to hopes of a prompt reopening.

More evidence of this economic rebound is expected from for February at 10:00 AM ET (1400 GMT), with analysts looking for a reading of 6.99 million, which would be up from