Stock futures are little changed after record day for the S&P 500

US equity futures fell slightly on Tuesday night after the S&P 500 hit a new high during the regular session.

Futures contracts on the Dow Jones Industrial Average fell 33 points, or 0.09%. S&P 500 and Nasdaq 100 futures fell 0.09% and 0.03%, respectively.

A strong earnings season continued after the bell on Tuesday with Lyft and Caesars Entertainment reporting stronger-than-expected second quarter results and citing a rebound to pre-pandemic activity levels. Lyft and Caesars each rose more than 3.5% in extended trading.

During the regular trading session, the Dow Jones Industrial Average jumped 278 points, or 0.8%, to 35,116.40. The S&P 500 gained 0.8% to hit a new all-time high of 4,423.15. The Nasdaq Composite rose 0.6% to 14,761.29.

These gains followed a morning decline in which stocks as a whole were mostly in the red after the 10-year Treasury yield fell to 1.15% on Monday. The decline in bond yield was prompted by concerns about the spread of the variant of the coronavirus delta and comments from Federal Reserve Governor Christopher Waller, who told CNBC that the central bank may start cutting its bond purchases from October.

The 10-year Treasury yield edged up to 1.17% on Tuesday. Falling bond yields tend to set a more bearish tone for stocks, which can be confusing for some, but investors expect August to be a period of greater volatility for stocks in their second half. year of increase.

The earnings season continues on Wednesday, with Toyota and General Motors due to report before the bell. Travel stocks MGM Resorts, Wynn Resorts and Booking Holdings will report after the bell.

Investors will also be keeping an eye on employment data released by ADP on Wednesday.