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US stocks trading mixed ahead of Tuesday's opening bell
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U.S. equity futures are trading mixed ahead of Tuesday's opening bell as shares have marched higher since mid-May, boosted by a robust economic recovery, the prospect of further fiscal stimulus and low bond yields that prompted investors to snap up stocks.
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Overnight, Wall Street's benchmark S&P 500 index rose 0.2% to a record as gains for Facebook, Nvidia and other tech stocks offset losses for other industries.
Investors are swinging between optimism about a global economic recovery underpinned by coronavirus vaccinations and worry that central banks might feel pressure to withdraw stimulus to cool rising inflation pressures.
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Traders are watching U.S. jobs data due out Friday for signs of whether the labor market "will start to show initial signs of heating," Anderson Alves of ActivTrades said in a report.
The Federal Reserve says it believes a rise in prices of oil and other commodities is temporary, but wage increases can be more lasting.