Stock futures opened slightly higher Tuesday evening after sliding during the regular session, as investors weighed optimism over widespread post-pandemic business reopenings against concerns over economic overheating.
The Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) managed to limit their losses to less than 1%, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) wasn't as lucky. Market participants seemed ready again to punish high-flying growth stocks in favor of alternatives. It's been about a month since the saga of GameStop (NYSE: GME) captured the attention of investors and non-investors alike.
Monday's euphoric stock-buying binge was put in check, with the major indices giving back some gains on a slow-news Tuesday.