U.S. stock-index futures were indicated mostly lower on Tuesday, a day after the S&P 500 index and the Dow Jones Industrial Average put in a strong start to May, pushing the equity benchmarks near records.
What’s driving the market? With stocks inching up near all-time highs, investors are weighing the strength of corporate earnings and the economic resurgence from the COVID pandemic against worries about inflation and concerns that prices for equities don’t have much further room to run higher given current valuations.
Still, Griffiths said that optimism may persist among investors because they“see light at the end of the Covid tunnel. “As a result, investors are more prepared to buy into riskier assets, boosting stocks,” she wrote.