Sluggish tones in early trades

  • German DAX futures -0.1%
  • UK FTSE futures -0.2%
  • Spanish IBEX futures -0.2%

This reflects the slightly duller mood in US futures as well, with S&P 500 futures down 0.1%, Nasdaq futures down 0.1%, and Dow futures down 0.2%.

It's still early in the day but a slight retreat in equities wouldn't exactly be the most jarring thing at this point. I mean, the S&P 500 has advanced for eight consecutive days while the Nasdaq has done so for eleven straight days now coming into today.