Forward, futures are traded overnight after the Dow and S&P 500 close on record

In the long run, futures held during overnight trading, after the Dow Jones industrial average and the S&P 500, both closed at records, with strong economic data hoping for a smooth recovery.

Futures for the Dow Jones Industrial Average and S&P 500 futures were little changed. The Nasdaq 100 futures rose 0.2%.

Wall Street rose to record levels on Monday after a report of explosive jobs and a rise in service industry activity showed that the economic recovery was booming amid accelerated vaccine launches.

“Vaccinations are taking place in record time, and historic stimulus efforts by Congress have paved the way for continued positive momentum in the market,” said Chris Larkin, general manager of product trading and investment at E-Trade Financial.

Bond yields had another quiet session, with the 10-year Treasury yield steadily at 1.71%, easing fears of rising inflation.

Loretta Mester, president of the Cleveland Federal Reserve, told CNBC on Monday that she was not largely worried about this year’s crisis in government bond yields.

“I think higher bond yields are quite understandable in the context of improving the economic outlook. The increase was an orderly increase,” Mester said. “So I’m not worried about yields at the moment. I don’t think there’s anything the Fed is going to react to.”

Investors continue to evaluate President Joe Biden’s $ 2 trillion infrastructure proposal and the chance to make it a reality. While politicians on both sides of the aisle support funding for the reconstruction of American roads and bridges, disagreements remain over other priorities and the final size of the bill. There are also debates about Biden’s plan to raise the income tax to 28% in part to fund the plan.

Biden said on Monday that he was not worried that an increase in corporate tax would affect the economy. Conservative Democratic Sen. Joe Manchin of West Virginia has said he opposes raising the proposed tax rate to 28 percent.