U.S. stock futures on Tuesday pulled back from 16-month highs as caution prevailed after a five-month winning streak.How are stock-index futures trading
S&P 500 futures
ES00,
-0.32%
dipped 13 points, or 0.3%, to 4601
Dow Jones Industrial Average futures
YM00,
-0.32%
fell 104 points, or 0.3%, to 35591
Nasdaq 100 futures
NQ00,
-0.38%
eased 60 points, or 0.4%, to 15798
On Monday, the Dow Jones Industrial Average
DJIA,
+0.28%
rose 100 points, or 0.28%, to 35560, the S&P 500
SPX,
+0.15%
increased 7 points, or 0.15%, to 4589, and the Nasdaq Composite
COMP,
+0.21%
gained 29 points, or 0.21%, to 14346.
What’s driving markets Markets were starting August in cautious mood, taking a breather after recording a five-month winning streak, the best such run in two years. News out of China — where reports showed factory activity contracting, home sales plunging and Country Garden
2007,
-7.59%,
one of the biggest property developers, abandoning a share placement — was suppressing risk appetite, lifting the U.S. dollar
DXY,
+0.28%
and pushing lower the prices of industrial commodities such as oil
CL.1,
-0.54%
and copper
HG00,
-0.80%.
Still, the S&P 500
SP …
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