Futures tied to each of the three major benchmarks were down this morning, even after the Dow Jones Industrial Average and the S&P 500 set new records yesterday. The S&P, in particular, celebrated a milestone of climbing more than 100% since its pandemic low.
This morning, investors were awaiting retail sales data. Home Depot and Walmart posted their latest quarterly earnings, and both major companies saw shares fall in the premarket as a result.
Meanwhile, the US is slated to recommend the vaccine booster shot for Americans eight months after they became fully vaccinated.
According to Dominic Raab, who is the U.K. foreign secretary: “The situation is stabilizing but obviously we are monitoring it very carefully. I do think that the airport is more stable today than it was yesterday, and we need to make sure that we consolidate that in the days ahead.”