U.S. stock index futures tumbled in choppy trade on Tuesday as tight races in key states including Florida and Ohio stoked bets that Republican Donald Trump could win the U.S.
Apple Inc was the largest weight on U.S. stock indexes on Tuesday after antitrust regulators ordered the company to pay about $14.5 billion in back taxes to the Irish government, but gains in bank shares partly offset the decline.
Donald Trump has said a lot of things that, were he a sitting U.S. president instead of a candidate for the job, could be expected to roil financial markets.
Financial stocks led the S&P 500 and the Dow industrials to record highs on Thursday after JPMorgan's strong quarterly results, while upbeat economic data cemented bets that the current rally on Wall Street can chug along.
U.S. stocks ticked up today, just enough for the S&P 500 and Dow industrials to set record highs, with investors expecting upbeat earnings to keep the rally going.
The benchmark S&P 500 stock index brushed against its record closing high on Friday as Wall Street rallied after a much-larger-than-expected jump in jobs growth confirmed the U.S. economy has regained speed after a first-quarter lull.
Investors in U.S. stocks have been arguing that a 10% decline of the S&P 500 was long overdue and a missing link of a healthy market. The benchmark index hasn't had a by-the-book correction in about four years.
U.S. stocks added to a global selloff on Monday as markets digested news of capital controls in Greece and the country veered toward a default on its debt, while the euro recouped some of its earlier losses against the dollar.
