S&P 500 futures are little changed after index slips from record: Live updates

S&P
500
futures
are
near
flat
Monday
night
as
the
market
rally
took
a
breather.

Futures
tied
to
the
broad
market
index
inched
down
by
0.08%,
and


Dow
Jones
Industrial
Average
futures
slipped
27
points,
off
by
0.07%.


Nasdaq
100
futures
slid
0.1%.

In
after-hours
action,


CarGurus
and


Unity
Software
dropped
more
than
12%
and
18%,
respectively,
after
offering
weak
guidance
on
financial
performance
to
investors.
On
the
other
hand,


Zoom
Video
and


Hims
&
Hers
surged
10%
and
19%,
respectively,
following
earnings
reports
that
exceeded
Wall
Street
expectations.

Those
moves
follow
a

losing
day
on
Wall
Street
that
pulled
the


Dow
and


S&P
500
off
record
highs
seen
last
week.
The
Dow
and
S&P
500
slipped
0.16%
and
0.38%,
respectively,
while
the
technology-heavy


Nasdaq
Composite
inched
lower
by
0.13%.

Monday
was
also
notable
because
it
was
the
first
day
with
e-commerce
giant


Amazon

replacing


Walgreens
Boots
Alliance
as
one
of
30
members
in
the
blue-chip
Dow.

“It’s
kind
of
one
of
those
holding-pattern
days,”
said
Ross
Mayfield,
investment
strategy
analyst
at
Baird,
of
Monday’s
session.
“You’re
digesting
so
much
of
what
happened
last
week
with
big
earnings,
and
then
you
have
big
data
on
the
horizon.”

Looking
ahead,
investors
will
watch
Tuesday
for
economic
data
on
durable
goods,
housing
and
consumer
confidence.
They’ll
also
watch
for
earnings
reports
from
retailers


Lowe’s
and


Macy’s
before
the
bell,
followed
by


Beyond
Meat,


Virgin
Galactic
and


Rocket
Lab
after
the
market
closes.

Those
come
before
January’s
reading
of
the
closely
watched
personal
consumption
expenditure
price
index,
as
well
as
data
on
personal
income,
due
later
this
week.
Investors
will
watch
these
releases
for
future
clues
into
the
health
of
the
economy
and
for
insights
into
the
path
of
monetary
policy.

“PCE
has
the
potential
to
be
a
big
catalyst
in
either
direction,”
Mayfield
said.
“PCE
is,
by
far,
the
biggest
thing
to
keep
an
eye
on.”