U.S. stock futures were falling early Tuesday after gaining on Monday.
Futures for the Dow Jones Industrial Average lost 104 points, or 0.3%. S&P 500 futures fell 0.4%, and contracts tracking the tech-heavy Nasdaq slipped 0.5%. All three indexes finished higher on Monday.
The index gains yesterday were led once again by big technology stocks such as Tesla, Apple, Microsoft and Amazon. That covers over weaker performance by other stocks–three quarters of the S&P 500 members declined on the day.
The third quarter started “with a pretty divergent performance,” said Deutsche Bank analyst Jim Reid. “U.S. equities were mixed with tech once again saving the day.”
Bond yields were higher over the past 24 hours. The yield on the benchmark 10-year U.S. Treasury was at 4.457%, compared with 4.398% early Monday. The yield on the 2-year note was at 4.768% vs 4.745%.