Stock futures trade flat after indexes set record highs
The stock futures opened barely changed on Monday evening after a record meeting earlier in the day. Investors are waiting for more corporate results from large companies. Contracts on the S&P 500 were just above the flat line after the blue-chip index hit an all-time high on the regular trading day. Dow and Nasdaq futures were hardly changed. Tesla (TSLA) shares fell in late trading after the company's first-quarter sales results fell short of estimates, despite automotive earnings and gross margins beating expectations. The results will rise again on Tuesday. Companies like Microsoft (MSFT), Alphabet (togetL), and Starbucks (SBUX) are ready to report results. The big tech names reporting Tuesday and later this week are being watched particularly closely. These stocks have largely underperformed the broader market since the start of the year as the 2020 tech and growth rally cooled and investors instead cycled and value stocks. "Except for Google, you get the FAANG ...