U.S. stock index futures pointed Tuesday to an S&P 500 decline from a record set in the previous session as tech giant Alphabet shares struggled on disappointing earnings.
Futures for the Dow Jones Industrials sank 40 points, or 0.2%, early Tuesday to 27,012
Futures for the S&P 500 dropped two points, or 0.1%, at 3,034.25
NASDAQ Composite futures added two points to 8,096.75
The declines were led by a 1.6% slide in Google-parent Alphabet shares, which fell after the company posted earnings that missed analyst expectations. Alphabet reported a profit of $10.12 per share. Analysts expected earnings per share of $12.42.
Other companies reporting earnings included Merck and Pfizer. Merck's earnings beat expectations, boosted by immunotherapy drug Keytruda. Pfizer's profit also topped analyst estimates. Both stocks were up around 3% in the pre-market.
Tuesday's moves come a day after the S&P 500 posted an all-time high on Monday. Better-than-expected earnings, along with improvements on the U.S.-China trade front, pushed the broad index above its previous record set in July. The S&P 500's record high extended the second-largest ever bull market to 3,885 days, according to data from Bespoke Investment Group.
But while the outlook on U.S.-China trade talks has improved, the conflict has yet to be resolved. The U.S. said Monday evening that it is considering extending certain tariff exclusions on $34 billion of imports from China.
Overseas, in Japan, the Nikkei 225 index took on 0.5% Tuesday, while in Hong Kong, the Hang Seng Index gave back 0.4%,
Oil prices declined 74 cents to $55.07 U.S. a barrel.
Gold prices fell $5.90 to $1,489.90 U.S. an ounce.