Stock futures little changed after Dow notches record high: Live updates

Stock futures were comparatively level Tuesday nighttime pursuing a league wherever investors sold disconnected exertion names and drove a rally successful much risk-off parts of the market.

Futures tied to the Dow Jones Industrial Average added 12 points points, oregon 0.02%. S&P futures were mostly flat, portion Nasdaq 100 futures inched up 0.1%.

Tuesday saw a communicative of 2 markets look — the Dow Jones Industrial Average rallied much than 550 points to adjacent astatine a grounds high, portion the Nasdaq Composite slipped. The S&P 500 closed up higher, notching its 3rd affirmative league successful a row.

Consumer stocks specified arsenic Walmart, Home Depot and McDonald's propped up the 30-stock Dow connected Tuesday arsenic traders moved into parts of the marketplace with little valuations and little vulnerability to the artificial quality trade. The wellness attraction assemblage was the top-performing sector, driven by moves higher successful names specified arsenic Eli Lilly and Johnson & Johnson.

Darling AI stocks specified arsenic Nvidia swung little connected Tuesday, reflecting the uneasy sentiment among investors that tech valuations could beryllium stretched aft their caller surge. Talks of a banal marketplace bubble person not dissipated either, but investors are showing much discernment betwixt which tech giants look to person a leg-up successful the AI race.

"When you person precise fewer groups making caller highs, precise fewer stocks remaining supra their 200-day moving mean oregon 40-day moving mean … it's a precise absorbing rotation," Craig Johnson, main marketplace technician astatine Piper Sandler, said Tuesday connected CNBC's "Power Lunch." "What hasn't been moving is simply a spot to spell fell close now."

Investors besides digested a caller ADP report that showed backstage employers chopped payrolls successful October, adding to worries astir labour marketplace weakness. The study received greater absorption since the record-setting U.S. authorities stoppage has halted galore important economical releases. The U.S. authorities could reopen arsenic soon arsenic the extremity of this week. The Senate connected Monday evening passed a spending bill that has since moved to the House of Representatives for a last vote.