Markets

US Futures Edge Lower After Record-High Monday

U.S. stock futures turned lower Tuesday after the S&P 500 hit an intraday record high Monday and ahead of the Labor Department's report on job openings.

The Job Openings and Labor Turnover Survey out at 10:00 a.m. E.T. is expected to show 4.025 million job openings at the end of April, up from 4.014 million in March, according to data collected by Econoday.

In equities, Achillon Pharmaceuticals ( ACHN ) was one of the biggest gainers before the market opened, up 33% after saying it will start trials on its hepatitis C drug ACH-3422. Moreover, the U.S. Food and Drug Administration has removed a clinical hold on its sovaprevir drug for testing on patients with HCV. Radioshack ( RSH ) meanwhile dropped 15% as its fiscal Q1 loss widened more than expected and as sales missed the street's estimates.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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