Investing.com - Wall Street futures on Tuesday pointed to flat open for the major U.S. indexes as markets struggled for direction a day after the Dow Jones Industrial Average closed at record highs.
The Dow futures dipped 2 points or 0.01%; S&P 500 futures were unchanged, while the tech-heavy Nasdaq 100 futures were up 2.12 points or 0.05%.
The moves came after an upbeat session on Wall Street on Monday, on the back of a rally in financial shares.
The Dow has rallied since the November 8 U.S. presidential election, largely driven by gains in bank and industrial stocks, which are expected to benefit from higher spending on infrastructure and reduced regulations under the Trump administration.
Ahead of the open, Toll Brothers (NYSE:TOL) reported a better-than-forecast increase in revenue for the fifth quarter in a row.
The luxury homebuilder said its revenue rose 29.1% to $1.86 billion in the fourth quarter.
In currency markets, the dollar pushed higher against a basket of six other major currencies, with the U.S. dollar index rising to 100.32, coming off Monday's low of 99.84, its lowest level since November 15.
In commodity markets, oil prices were slightly lower after data showing that oil output by the Organization of the Petroleum Exporting Countries hit another record high in November.
Investors were turning their attention towards a meeting of OPEC and non-OPEC members in Vienna on December 10 to finalize the details of last week’s output cut agreement.
The U.S. was scheduled to release trade data at 08:30 ET and a report on October factory orders at 10:00 ET.
The Federal Reserve was entering its 'blackout' period on Tuesday ahead of next week’s monetary policy meeting.
According to Investing.com's Fed Rate Monitor Tool, 100% of traders expect the Fed to raise interest rates at the meeting.