The major U.S. index futures are pointing to another mixed opening on Tuesday following the rally seen over the course of the previous session.
A continued decline by Boeing (BA) may weigh on the Dow, with the aerospace giant falling by 3.4 percent in pre-market trading after tumbling by 5.3 percent on Monday.
The continued drop by Boeing comes after Edward Jones downgraded its rating on the company’s stock to Hold from Buy, citing a possible “delay in orders” after the crash of the second of its 737 MAX jets in less than 6 months.
The Dow eventually recovered from the initial move to the downside in the previous session, joining the broader Nasdaq and S&P 500 firmly in positive territory amid a rally by tech stocks.
Stocks moved sharply higher over the course of the trading session on Monday following the notable pullback seen last week. While the major averages all moved to the upside, the Dow underperformed its counterparts due to the steep drop by Boeing.
The major averages finished the session near their best levels of the day. The Dow climbed 200.64 points or 0.8 percent to 25,650.88, while the Nasdaq soared 149.92 points or 2 percent to 7,558.06 and the S&P 500 jumped 40.23 points or 1.5 percent to 2,783.30.
The rally on Wall Street came following the release of a report from the Commerce Department showing an unexpected uptick in U.S. retail sales in January.
The Commerce Department said retail sales rose by 0.2 percent in January after tumbling by a revised 1.6 percent in December.
Economists had expected retail sales to come in unchanged compared to the 1.2 percent slump originally reported for the previous month.
Excluding a steep drop in auto sales, retail sales climbed by 0.9 percent in January after plummeting by