U.S. stock futures were flat Tuesday evening, with Dow Jones Industrial Average futures down 32 points, or 0.08%. S&P 500 futures rose 0.01%, while Nasdaq 100 futures rose 0.03%.
In after-hours trading, eBay Inc. jumped nearly 4% as it said it was raising its quarterly profit and would spend an additional $2 billion on buybacks. Urban Outfitters Inc. lost nearly 11% after missing estimates for its top and bottom lines in the fourth quarter.
In Tuesday’s regular session, the S&P 500 and Nasdaq Composite ended the day with small gains, up 0.17% and 0.37%, respectively. The 30-stock Dow Jones Industrial Average fell for a second straight day, down 0.25%.
The S&P 500 and Dow Jones are down from the highs they just hit late last week, but investors may want to think twice before jumping too hard into stocks.
“I don’t think you’re going to be chasing at this point,” Drew Pettit, Citi’s director of U.S. equity strategy, told CNBC. “A lot of the good news has been priced in — we’re actually trading higher even though the reporting season hasn’t been really great; we haven’t really had a lot of broad beats and big increases.”
He added: Enjoy the ride in stocks now. Just wait for a better time if you want to be more aggressive.
