Stock futures were slightly lower Tuesday morning after a tech-led rally during the regular session onday, with investor attention still centered on fresh signs of corporate and economic stress from the coronavirus pandemic.
Stocks rose Monday as investors considered another set of corporate earnings reports and awaited a slew of data on the state of the labor market this week as parts of the country continue to grapple with a rise in coronavirus cases.
Oil prices eased on Tuesday amid concerns that a fresh wave of COVID-19 infections will see a global demand recovery stalling due to tighter lockdowns, just as major producers ramp up output. U.S. West Texas Intermediate (WTI) crude futures were down 68 cents, or 1.7%, at $40.33 a barrel at 1020 GMT, while Brent crude futures were 72 cents, or 1.7%, lower at $43.43 a barrel. "News from Asia and Europe are adding up to concerns that the infection crisis may now not be just limited to the U.S. and Brazil, but also to the rest of the world via a second wave," said Paola Rodriguez Masiu from Rystad Energy.