Traders work on the trading floor of the New York Stock Exchange (NYSE) on November 29, 2024 in New York City, the United States.
Brendan McDermid | Reuters
U.S. stock futures were flat Tuesday night after the S&P 500 hit a new closing record.
Futures and S&P 500 Index Only 0.06% is added. Nasdaq 100 Futures up 0.2%. Dow Jones Industrial Average Futures It rose 83 points, or 0.2%.
During regular trading, the S&P 500 rose 0.05% and the Nasdaq gained 0.4%. Both indexes closed at record highs. Thirty stocks in the Dow lagged, falling nearly 0.2%.
The major indexes got off to a tepid start in December’s trading month, compared with strong gains in November following Donald Trump’s victory in the polls. However, gains could pick up again this month, said George Smith, portfolio strategist at LPL Financial.
“Turn the calendar over to December and the momentum in stocks is likely to continue because historically it’s been a good month seasonally for stocks,” he said. “Historically, these strong returns have tended to be back-end loaded. ”
Labor market data – especially the November jobs report due out on Friday – could influence the next phase of the rebound. Data released on Tuesday showed Total number of job vacancies It was 7.74 million in October, higher than economists’ forecasts.
On Wednesday, traders will review the ADP private payrolls report for November, which is expected to show a gain of 163,000 jobs, according to economists polled by Dow Jones. S&P Global U.S. services PMI, factory orders and durable goods are also scheduled for release.
On the Fed side, Chairman Jerome Powell will speak at a moderated discussion in New York on Wednesday afternoon.
In terms of profit, Chewy, dollar tree and Foot cabinet is one of the companies scheduled to report earnings on Wednesday morning.
