Over time, US futures have declined, suggesting that major stock indices will fall below record highs as investors make profits while weighing on new political and economic uncertainties.
S&P 500 futures fell 0.5%, indicating that the benchmark could fall from its all-time high on Friday. Nasdaq-100 contracts fell 0.4% and the Dow Jones industrial average fell 0.7%.
Shares have rallied in recent days to bet that a Democrat-controlled Congress will increase government spending, consolidating the economic recovery.
Market sentiment fades early in the week as investors face a number of risks. On the political front, House Speaker Nancy Pelosi (D., California) said the House could turn to President Trump’s indictment immediately after this week. This raises concerns that Washington’s new patience may diminish support for other important measures.
Recent economic data also showed that the recovery in the US labor market stopped in December, ending seven months of job growth and adding concerns that the short-term outlook is deteriorating. Covid-19 infection rates also remain high. Experts warned this month of increases in new cases, hospitalizations and deaths after the December meetings and trips.