Futures slip after S&P 500, Dow’s record close; earnings, data in focus By Reuters – Investing.com

Futures slip after S&P 500, Dow’s record close; earnings, data in focus By Reuters – Investing.com

© Reuters. FILE PHOTO: New York Stock Exchange (NYSE) building after the start of Thursday's trading session in New York

By Shivani Kumaresan (Reuters) - U.S. stock index futures dipped on Monday after the and the Dow closed at record levels in the previous session, as investors geared up for the start of the earnings season and a key inflation report this week. A pullback in the benchmark 10-year bond yield from 14-month highs in April eased worries about higher borrowing costs, helping richly valued high-growth technology stocks gain ground and drive the S&P 500 and the Dow to record levels. U.S. consumer price data for March and $271 billion of U.S. Treasury auction this week could end a recent lull in the bond market, reigniting a rise in yields that worried investors in the first quarter. The Federal Reserve Chair Jerome Powell on Sunday said the U.S. economy is at an "inflection point" with expectations that growth will pick up speed in the months ahead, but also risks if a hasty reopening leads to a continued increase in coronavirus cases. Results from big U.S. banks Goldman Sachs (NYSE:), JPMorgan (NYSE:) and Wells Fargo (NYSE:) will pour in