US pre-open: Futures edge lower following record-breaking rally
Wall Street futures were in the red ahead of the bell on Tuesday ahead of more corporate earnings and Donald Trump's second impeachment trial.
As of 1230 GMT, Dow Jones futures were down 0.20%, while S&P 500 and Nasdaq-100 futures were 0.16% and 0.13% lower, respectively.
The Dow closed 237.52 points higher on Monday, with the index recording its longest daily winning streak since August.
Corporate earnings will again be in focus on Tuesday, with the likes of Twitter and Cisco both set to report their latest quarterly figures after the close.
Prior to the open, chemicals firm DuPont said sales in its electronics and imaging business had risen 9% to $1.02bn last quarter and pointed to a strong 2021 full-year performance on solid demand from smartphone makers and an automotive rebound.
Also in focus, Trump's second impeachment trial will begin in the Senate on Tuesday, with the former head of state charged with having incited an "insurrection" after his supporters breached the US Capitol, the very same building in which the trial will take place, on 6 January, leading to the deaths of five people.
Turning to the coronavirus pandemic itself, the US has now recorded more than 27.7m cases of Covid-19, claiming the lives of more than 476,400 Americans in the process.
Democrats also unveiled the details of a Covid-19 relief package on Monday that included direct checks of $1,400 to Americans, with faster phase-outs than previous bills.
SpreadEx's Connor Campbell said: "Tuesday showed early signs of a post-splurge hangover, the markets at best holding fire following yesterday's record highs.
"Closing 15 points shy of 31,400 on the back of stimulus excitement, the Dow Jones is currently set to following Monday's record-setting performance with a timid 0.1% retreat."
On the macro front, the NFIB small business optimism index came in at 95.0 for January, falling short of estimates for a print of 97.0 to an eight-month low as weaker consumer spending and softer growth projections weighed on expectations.
Still to come, December's JOLTS job openings report will be published at 1500 GMT, while Federal Reserve Bank of St Louis president James Bullard will deliver a speech at 1700 GMT.