Traders work on the New York Stock Exchange trading floor during morning trading on Nov. 7, 2024.
Michael M. Santiago | Michael M. SantiagoGetty Images
Stock futures were nearly flat Sunday night as Wall Street focused on what’s next after a post-election rally propelled the market to record highs.
Futures tied to the Dow Jones Industrial Average gained 19 points and were trading just above breakeven. S&P 500 futures were also little changed, while Nasdaq 100 futures were up 0.2%.
Sunday’s moves come after a big week for U.S. stocks, with all three major indexes closing at All-time closing high. this Dow Chemical and S&P 500 Index Both had their strongest weeks in about a year, with the former briefly topping the 44,000 mark.
Last week’s rally was seen as broad-based, led by tech stocks Nasdaq Index and small-cap focused Russell 2000 Also moving forward.
A large portion of this week’s gains came on Wednesday, when the Dow Up 1,500 points After Donald Trump won the presidential election. Traders are also keeping a close eye on Thursday’s Federal Reserve policy announcement, which revealed that interest rates will lower again — and a subsequent press conference with Chairman Jerome Powell.
“Investors hate uncertainty, and with the election results now certain, markets are now getting clarity that can allay fears of a contentious election,” Katie Nixon, head of investments at Northern Trust, wrote in a letter to clients on Friday. “Investors can now focus on what matters most to the market – economic and corporate fundamentals. “
No noteworthy economic data is expected on Monday, but investors will wait Inflation reading It will be released later this week. Ticket Master Parents live country and food and facility service providers Aramark The companies will release their earnings reports on Monday.
