U.S. stock index futures fell on Tuesday, one year after the bull market from the pandemic lows began as investors took some profits in shares that will benefit most from the reopening of the economy.
Futures for the Dow Jones Industrials dropped 110 points, or 0.3%, to 32,509.
Futures for the S&P sank 10.5 points or 0.3%, to 3,919.50.
The NASDAQ Composite index moved ahead 15.75 points, or 0.1%, to 13,087.50.
Shares of Carnival and Norwegian cruise lines fell more than 2% each in pre-market trading. American Airlines and United Airlines fell about 2% apiece. Brick-and-mortar retailer Gap also fell slightly.
ViacomCBS, one of the top performers in the S&P 500 since the pandemic lows, lost 4% in pre-market trading after saying it would offer more stock for sale. The shares are up more than 700% since last March.
Tuesday marks the one-year anniversary of the market's bottom as the coronavirus pandemic sent stocks tumbling 30% at the fastest pace on record. Since the low on March 23, both the S&P 500 and Dow have advanced more than 75%. The NASDAQ is up more than 90%.
On the pandemic front, a U.S. health agency expressed concern Tuesday that AstraZeneca may have included outdated information in trial results of its COVID-19 vaccine.
The U.S. is administering about 2.5 million COVID vaccine shots every day. However, the number of new cases is increasing in 21 states as highly infectious variants spread and governors relax restrictions on businesses.
On Tuesday Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen will make their first joint appearance before the U.S. House Committee on Financial Services. The discussion will center on the oversight of the Treasury's and Federal Reserve's pandemic response.
In prepared remarks published ahead of the hearing, Powell noted that the recovery is gaining steam, before adding there's still a long way to go.
Overseas, in Japan, the Nikkei 225 dropped 0.6% Tuesday, while in Hong Kong, the Hang Seng staggered 1.3%.
Oil prices removed $2.23 to $59.33 U.S. a barrel.
Gold prices picked up $1.60 to $1,739.70 U.S.