U.S. Stock-Index Futures Hold Steady, Clinging to S&P 500 RecordBy
U.S. stock-index futures were little changed, after the biggest rally of the year in technology shares drove the S&P 500 to a fresh record.
Contracts on the benchmark expiring in September were at 2,448 as of 5:33 a.m. New York time. The underlying gauge posted its biggest advance in almost two months, with Apple Inc. and Microsoft Corp. contributing the most to gains. Futures on the Dow Jones Industrial Average rose 12 points, or less than 0.1 percent, to 21,473 on Tuesday.
- Investors will be preparing for data announcements on home sales and manufacturing later this week, with both forecast to strengthen. Economic releases in the U.S. have been falling short of estimates by the largest margin since 2011, according to a Citigroup Inc. index.
- Among shares active in premarket trading, Tesla Inc. rose 2.8 percent after people familiar with the matter said the electric-car maker is close to an agreement to produce vehicles in China for the first time.