U.S. stock futures are edging higher after the S&P 500 and Nasdaq again hit record highs, as investors monitor incoming earnings reports. Nasdaq futures are 0.5% higher after the tech-heavy index closed at a record high for the 10th time in 11 sessions,

But one stock-market indicator suggests the indices could be in store for another substantial decline in price in the not-too-distant future. It just reached a level seen only once before in history, and it has a flawless track record of predicting significant downside in stock prices.

The S&P 500 closed at an all-time high for the ninth time this month, while the tech-heavy Nasdaq hit its 13th record July close.

Stock futures are pointing to a higher open on Tuesday, putting major indexes on track to hit new record highs, as investors digest a slew of quarterly results from major companies.

Dow, S&P 500, and Nasdaq futures are rising in premarket trading as the stock market braces for the Fed's latest rate decision, Big Tech earnings, and the results of President Donald Trump's trade talks with China.

The S&P 500 edged higher to eke out a record high close for a sixth straight session on Monday, while the Nasdaq also advanced to a closing record in choppy trade as investors gauged the U.S.-EU trade pact and prepared for a week of major market catalysts.

U.S. stock futures rose on Tuesday after ending on a mixed note on Monday. Futures of major benchmark indices were higher.

The S&P 500 has historically performed better following record highs as compared to its forward returns following any random day.

Six months into President Donald Trump’s second term, a quick glance at the stock market offers a reassuring picture: The S&P 500 just closed above 6,300 points for the first time ever and has notched eight record highs in the past month.

Investor sentiment is back in euphoric territory with stocks and speculative names surging, but stretched positioning has some strategists on edge.

Both the S&P 500 and Nasdaq Composite hit record closing highs on Friday, surpassing previous highs reached in February and December, respectively. There are a few things that could push this rally further, but there are also risks that investors should be aware of.