S&P 500 futures lower; market set to pause after record close

The S&P 500 index futures edged lower on Tuesday after the market closed at yet another record high and economic data showed growth in China’s industrial production slowed last month. In Washington, a budget deal aimed at avoiding a U.S. government shutdown on January 15 and relieving federal agencies of some spending cuts could emerge in Congress on Tuesday. In earnings, Toll Brothers Inc (TOL.N) shares rose 3.9 percent in premarket trade after the company announced its quarterly earnings. High-end yoga-wear retailer Lululemon Athletica Inc (LULU.O) named Laurent Potdevin as its chief executive and said founder Chip Wilson will step down as non-executive chairman.


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