Stock futures closed flat Tuesday night after the Dow Jones Industrial Average set a new record closing. Investors flocked in droves to share that could benefit from an economic rebound.

Blue-chip Dow futures fell 15 points. S&P 500 futures were little changed and Nasdaq 100 futures edged 0.1% lower.

The Dow rose 200 points Tuesday to reach a new record high. However, the tech-focused Nasdaq composite suffered a 1.3% sell-off amid an explosive rise in Treasury yields. It is a closely monitored benchmark 10-year Treasury yield was as high as 1.71% Tuesday, triggering selling in growth-oriented technology stocks.

Megacap tech stocks underperformed the S&P 500 Tuesday as “investors reconsidered the value of such long-duration assets in the wake of higher rates,” Chris Hussey, a managing director at Goldman Sachs, said in a note.

Investors eagerly awaited publication of minutes from the December Federal Reserve meeting. According to the central bank, it will accelerate its tapering of its bond-buying program. In addition, the Fed forecasts three rate rises in 2022.

In a note, Ed Al-Hussainy (senior rates strategist at Columbia Threadneedle) stated that the Fed has been accelerating the removal of liquidity due to inflation. This has potential to drive 10-year yields higher. However, the central bank needs to be mindful not too aggressively. This could lead to a slowdown in economic recovery or even a recession.

Wall Street analysts expect that the stock market will face a more difficult road as the Fed tightens its extremely-easy monetary policy. The median year-end target for the S&P 500 now stands at 5,050, only a 5% gain from Tuesday’s close of 4,793.54, according to CNBC’s Strategist Survey.

ADP’s December private payroll report will be released. Dow Jones polled economists and estimated that 375,000 new jobs were created.