US stock index futures fell in overnight trading on Sunday after the S&P 500 and Dow Jones Industrial Average closed at record highs on Friday.

Dow-linked futures contracts fell 95 points, or 0.28%. S&P 500 futures were down 0.28% while Nasdaq 100 futures were down 0.22%.

Stocks posted gains for a week as earnings beat estimates and strong economic data lifted key averages. The S&P and the Dow gained 1.38% and 1.18% respectively for the fourth straight week, while the Nasdaq Composite had its third consecutive positive week.

The earnings season started last week when the major banks reported quarterly results and a number of companies will be releasing their updates this week. Ten Dow components as well as 72 S&P 500 companies will report.

Coca-Cola, IBM and United Airlines are among the names that are expected to show profits on Monday.

Despite stocks trading at record levels, UBS revoked its guidance for the year on Friday. The company now envisions the S&P 500 ending at 4,400 by 2021, which is roughly 5% above where the benchmark index closed on Friday.

“While investing at all-time highs may be daunting for some, we believe there are more benefits ahead,” the company wrote in a statement to customers. “After two rounds of economic activity in the quarter and ongoing vaccination efforts, there are increasing signs that US economic activity is picking up. The latest employment data, business sentiment and retail sales point to a strong recovery.”

The Russell 1000 Growth Index outperformed last month, up 10% versus the Russell 1000 Value Index’s 4% gain. Some of the recent losses were reclaimed after a jump in returns sparked a rotation of technology and growth-oriented areas in the market.

However, value stocks have still performed better over the past three months, and Bank of America believes the group has more upside potential ahead. On Friday, the company’s analysts said they should “hold on to value” and noted that despite recent strength, the company is still trading at a “sharp discount to growth”.

Regarding the coronavirus, White House chief medical officer Dr. Anthony Fauci, he expects the US to resume administration of the Johnson & Johnson vaccine. The Food and Drug Administration last week urged states to temporarily discontinue use of the single-dose vaccine “out of caution” after six women developed a rare bleeding disorder.

“I guess we will continue to use it in some form,” Fauci said Sunday during an interview on NBC’s Meet the Press. “I very seriously doubt they’ll just cancel it. I don’t think that’s going to happen. I think there will likely be some kind of warning or restriction or risk assessment.”

According to Coin Metrics, Bitcoin pulled back over the weekend after hitting an all-time high of $ 64,841 on Wednesday morning. On Sunday evening, the cryptocurrency was trading at $ 55,805.

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