Traders
work
on
the
floor
of
the
New
York
Stock
Exchange.
Brendan
McDermid
|
Reuters
Stock
futures
are
up
modestly
Tuesday
night
following
a
losing
session
on
Wall
Street
that
pulled
the
indexes
further
from
record
levels.
Futures
tied
to
the
Dow
Jones
Industrial
Average
added
87
points,
or
0.2%.
S&P
500
futures
and
Nasdaq
100
futures
each
also
rose
0.2%.
Those
moves
following
a
negative
day
for
the
three
major
indexes.
The
Dow
slipped
nearly
0.1%,
while
the
Nasdaq
Composite
fell
0.4%
as
technology
stocks
struggled.
With
a
slide
of
0.3%,
the
S&P
500
saw
its
third
down
trading
day
in
a
row.
That
action
comes
after
the
three
major
indexes
all
closed
at
record
levels
last
week.
But
despite
the
recent
pullback,
the
three
averages
are
still
on
pace
to
end
the
trading
month
and
quarter,
which
both
conclude
with
Thursday’s
closing
bell,
in
the
green.
“Valuations
could
take
us
back
to,
sort
of,
reality,”
said
Robert
Schein,
chief
investment
officer
at
Blanke
Schein
Wealth
Management.
But,
“long
term,
this
rally
has
legs
and
there’s
a
lot
of
momentum
because
of
liquidity.”
As
of
Tuesday’s
close,
the
S&P
500
has
added
2.1%
in
the
month
and
9.1%
in
the
quarter.
The
Nasdaq
has
climbed
1.4%
in
March
and
8.7%
over
the
three-month
period,
while
the
Dow
has
added
0.7%
and
4.2%
in
the
respective
periods.
Traders
will
monitor
commentary
from
Federal
Reserve
Governor
Christopher
Waller
Wednesday
evening.
There’s
no
closely
followed
economic
data
expected
on
Wednesday.
Later
in
the
week,
investors
will
watch
for
data
on
jobless
claims,
gross
domestic
product
and
consumer
sentiment
on
Thursday.
While
the
market
is
closed
on
Good
Friday,
attention
will
be
on
releases
tied
to
personal
income,
consumer
spending
and
the
personal
consumption
expenditures
expected
in
the
morning.
