U.S. stocks futures stood firm on Tuesday, putting the main indexes on course to end August on a good note, as investors shrugged off risks around rising coronavirus infections on hopes that the Federal Reserve’s brutish stance would support economic growth.
The S&P 500 is set for its seventh consecutive month of gains after Fed Chair Jerome Powell last week sounded a cautious note on tapering its massive asset purchases.
The indexes closed at record levels on Monday, bolstered by large technology stocks, which generally perform well in a low-interest rate environment.
Big tech companies like Apple Inc (AAPL.O), Microsoft Corp (MSFT.O), Amazon.com (AMZN.O), Google-owner Alphabet Inc (GOOGL.O) were trading marginally lower in premarket trading on Tuesday and
Zoom Video Communications Inc (ZM.O) tumbled 11.7% as it signaled a faster-than-expected easing in demand for its video-conferencing service after a pandemic-driven boom.