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Stock futures flat in overnight trading after Tuesday’s losses

U.S. have futures rose slightly in overnight trading Tuesday after stocks dipped in the regular session.

Dow futures begin 50 points. S&P 500 futures gained 0.16% and Nasdaq 100 futures rose 0.27%.

On Tuesday, the major averages induced back some their sharp gains from Monday. The Dow Jones Industrial Average lost 143 drifts, pressured by a 2.6% drop in Intel. The S&P 500 registered a loss of about 0.8%.

The Nasdaq Composite was the relative underperformer, depression about 1.7% as Facebook, Microsoft, Amazon, Apple, Netflix and Google-parent Alphabet closed lower.

The small-cap benchmark Russell 2000 stopped 1.93%.

“On a day with little major news and ahead of important news soon to come — Fed meeting and the jobs numbers— investors quaffed the opportunity to take some profits from yesterday’s big recovery,” Jim Paulsen, chief investment strategist at the Leuthold Assortment, told CNBC. Tuesday’s “worst performer, technology, was yesterday’s biggest winner.”

The 10-year Treasury yield, gaze ated closely by investors recently, fell to 1.40% on Tuesday. The yield surged to a high of 1.6% last week, present concern among investors about higher borrowing costs and inflation.

“Overall, buy on the dip is alive and well,” added Paulsen. “In spite of a turbulent couple days, the S&P 500 has risen 1.55% so far this week dominated by reopening plays including tangibles, industrials, financials, and energy with technology being a market performer.”

President Joe Biden said late on Tuesday that the U.S. purpose have a large enough supply of coronavirus vaccines to vaccinate every adult in the nation by the end of May. That would be two months on of schedule. The vaccine rollout is seen as key part in getting Americans back to work and for the economy to recover.

Private payroll facts for February is due at 8:15 a.m. on Wednesday. This will give investors a read into the labor market. Economists enumerated by Dow Jones expect 225,000 private jobs were added in February, higher than the 174,000 added in January.

Brown-Forman, Dollar Tree and Wendy’s announce quarterly earnings before the bell on Wednesday.

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