Here’s what we are watching as markets kick into gear Tuesday.
—U. S. stock futures edged down Tuesday, signaling that major benchmarks will pare back gains a day after they closed at record highs.
Futures tied to Dow Jones Industrial Average ticked down 0.4%. The index of blue-chip companies on Monday rose to an all-time high and closed just short of the 30000-point milestone level. Contracts linked to the S&P 500 also slid 0.4%. Read our full market wrap here.
—What’s coming up. U.S. retail sales figures for October, due at 8:30 a.m. ET, are expected to show a sixth straight monthly increase, buoyed by steady job creation and early holiday promotions.
Market Movers to Watch
—Tesla shares jumped more than 12% premarket after S&P Dow Jones Indices said it would add the electric car maker to the S&P 500 index.
US shares rose 3.8% to $134.
yesterday set a $150 price target for the stock.
shares dropped 2% after it delivered its third-quarter earnings report.
Ra Medical Systems
fell more than 20% following news the company’s board approved a 1-for-25 reverse stock split.
—T-Mobile US shares rose 3.8% to $134. Wells Fargo yesterday set a $150 price target for the stock.