Investing.com - U.S. stock futures pointed to a flat open on Wall Street on Tuesday, a day after the three main indexes all posted all-time closing highs.
The blue-chip Dow futures dipped 4 points or 0.02% by 06:47 AM ET (10:47 GMT), the S&P 500 futures slipped 0.5 points or 0.02%, while the tech-heavy Nasdaq 100 futures edged up 7.38 points, or 0.12%.
On Monday, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all posted record high closes in the first trading day of the fourth quarter as U.S. factory data pointed to underlying strength in the economy.
Optimism over prospects for fiscal stimulus from Washington also continued to underpin stocks.
Shares in Tesla (NASDAQ:TSLA) were down 1.89% in premarket trade following reports late Monday that it produced just 260 Model 3 sedans and delivered 220 of the cars in the third quarter, far fewer than anticipated.
Meanwhile, shares in MGM Resorts International (NYSE:MGM) were up 0.49% premarket after falling 5.6% on Monday in the wake of a mass shooting at the company’s Mandalay Bay resort in Las Vegas.
Shares of gun makers, including Sturm Ruger (NYSE:RGR) were likely to remain in focus after rallying on Monday. Gun maker stocks often rise if traders think stricter regulations are coming, as sales can increase in the lead up to any change.
In earnings news, home builder Lennar Corp (NYSE:LEN) and payroll processor Paychex Inc (NASDAQ:PAYX) were due to release earnings ahead of the open.
Investors were looking ahead to remarks by Federal Reserve Governor Jerome Powell in Washington at 08:30 AM ET.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, eased slightly to 93.37 after earlier hitting a one-and-a-half month high of 93.78
In other markets, European shares traded close to three month highs on Tuesday as a selloff in Spanish financial markets eased. Asian markets were also broadly higher though some markets in the region remained shut for holidays.
Oil prices stabilized after Monday’s losses, while gold futures pushed higher as the dollar eased.