Futures tracking the S&P 500 and Nasdaq indexes bounced on Tuesday, with beaten-down shares of technology-related companies leading early gains, while Dow futures were subdued on uncertainty over more U.S. fiscal stimulus.
All three of Wall Street’s main indexes started the week on the back foot as worries about new lockdowns in Europe and a stalemate in Congress over the size and shape of another coronavirus-response bill dented hopes of a swift economic recovery.
The growth-linked technology sector was the only one to post gains in the previous session, while value-oriented sectors such as industrials, energy and financials tumbled about 3%. At 6:37 a.m. ET, Dow e-minis were down 5 points, or 0.02%. S&P 500 e-minis were up 7 points, or 0.21% and Nasdaq 100 e-minis were up 81.5 points, or 0.74%.
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