What to watch today: Stocks set to take a breather after Dow, S&P 500 closing records

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U.S. stock futures fell today, one day after the Dow and S&P 500 surged to closing records.

, knocked growth stocks, many of them tech names, as higher borrowing costs erode the value of future profits and squeeze market valuations. , the Labor Department releases its monthly JOLTS, job opportunities and labor turnover survey, at 10 a.m. ET.

Economists expect 7 million job openings as of the end of February, up slightly from 6.9 million the previous month. announced several high-level staff departures and proposed a cut to its dividend in the fallout from the Archegos Capital saga. The Swiss-based lender now expects a first-quarter pretax loss of around $960 million, after taking a $4.7 billion charge as a result of the U.S. hedge fund's meltdown.

 

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all eyes on the market

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