US pre-open: Futures mixed after S&P 500 and Nasdaq close at record highs

Wall Street futures were mixed ahead of the bell on Tuesday after the S&P 500 and Nasdaq Composite wrapped up the previous session at fresh record highs.

As of 1225 BST, Dow Jones futures were up 0.13%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.04% and 0.12% weaker, respectively.

The Dow closed 150.57 points lower on Monday amid renewed hopes for the passing of Joe Biden's $1.0trn bipartisan infrastructure deal, a strong session for tech stocks and losses for some big-name energy firms.

Bank stocks pushed Dow futures into the green prior to the open on Tuesday after Morgan Stanley doubled its quarterly dividend and launched a $12.0bn buyback programme, while Wells Fargo will also double its dividend and Bank of America, Goldman Sachs and JPMorgan will increase theirs.

Boeing shares were also flying higher in pre-market after United Airlines committed to purchasing 200 737 Max planes, while Facebook ticked higher in extended trading after having picked up solid gains in the previous session on the back of a US judge's decision to dismiss an antitrust suit brought against the social media behemoth.

Swissquote's Ipek Ozkardeskaya said: "Market sentiment is not that cheery at the start of this week. News of rising Covid cases, new lockdown measures, and fresh travel restrictions poured cold water on the global equity markets on Monday, with the exception of the US tech stocks.

"And if the Covid worries return, we could see the reflation wind vane and further benefit to the Covid-friendly tech stocks. "

On the macro front, April's house price index will be published at 1400 BST, while June's consumer confidence figures from the Census Bureau will follow at 1500 BST.

Elsewhere, Federal Reserve Bank of Richmond president Tom Barkin will deliver a speech at 1400 BST.

No major corporate earnings were slated for release on Tuesday.