US markets lower one day after new records set - Fox Business

Market data provided by Factset.

Mutual Fund and ETF data provided by Refinitiv Lipper.

equity futures traded lower ahead of Tuesday's Wall Street session even as the U.S.

On Wall Street, the S&P 500 rose 1.4% to 4,077.91, another record high.

Traders had a delayed reaction to the encouraging jobs report, which was released on Friday when stock trading was closed.

Both employment and the services industry have been lagging other areas of the economy throughout the recovery.

“The jobs report underscored the rebound in the labor market,” said Quincy Krosby, chief market strategist at Prudential Financial.

equity futures traded lower ahead of Tuesday's Wall Street session even as the U.S.

Meanwhile, Asian shares were mixed Tuesday after Monday's Wall Street rally that reflected some optimism about the economy recovering from the pandemic.

Yoshimasa Maruyama, chief market economist at SMBC Nikko, noted a gradual recovery in the Japanese economy had been reflected in the recent “tankan” Bank of Japan survey, which was released last week.

Household spending data released Tuesday showed a 6.6% decline in February, with dining, clothing, transport and entertainment falling sharply.

Market data provided by Factset.

Mutual Fund and ETF data provided by Refinitiv Lipper