Stock futures clung to the flat line Monday evening after a tech-led rally during the regular session, with investor attention still centered on fresh signs of corporate and economic stress from the coronavirus pandemic.
Benchmarks slipped in London and Frankfurt on Tuesday but rose in Paris, Tokyo and Hong Kong. Investors appeared to be shrugging off surging coronavirus caseloads in dozens of countries after the S&P 500 started off August by closing within 3% of the record high it set in February. According to the World Health Organization's tally, there were nearly 18 million confirmed coronavirus cases as of Tuesday, up from 10.2 million at the beginning of July, as outbreaks expanded or revived in many regions.
European shares fell after opening higher, following a mixed bag of earnings results, while the dollar's rebound stalled as investors waited for progress in talks on government aid in the United States. After a rally on Monday, European shares opened higher but then fell, with the pan-European STOXX 600 down 0.6% and London's FTSE 100 down 0.7%.