U.S. stock futures were steady Tuesday, one day after Facebook’s first close above a $1 trillion market value broadly boosted tech stocks. The S&P 500 and Nasdaq both ended at record highs. Facebook was flat in the premarket. The stock surged 4% on Monday after a federal court dismissed the Federal Trade Commission’s antitrust complaint against the social network. However, as energy stocks came under pressure Monday, the Dow broke a two-session winning streak. The 30-stock average was 1.4% away from its record close early last month. The 10-year Treasury yield ticked higher Tuesday, trading around 1.49%.
United Airlines unveiled its largest aircraft order ever Tuesday as the carrier charts a path for post-pandemic growth. United plans to buy 200 Boeing Max jets, a further vote of confidence in the U.S. airplane maker, which has struggled to regain its footing after two Max crashes and several production problems. United ordered 70 a321neos from Europe’s Airbus, adding to purchase plans for dozens of long-range versions of the plane. United expects to add 25,000 union jobs, including pilots and flight attendants, to staff the new jets. Seatback screens and more roomier seats in coach will be central to the new interiors.
