Stock futures are little changed after S&P 500 posts third-straight winning week: Live updates

Stock futures are little changed after S&P 500 posts third-straight winning week: Live updates


Traders works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 2, 2024. 

Brendan Mcdermid | Reuters

U.S. stock futures were little changed Sunday night after the S&P 500 and Nasdaq Composite posted their third straight winning week, ahead of key inflation data due out this week.

Dow Jones Industrial Average futures rose by 23 points, or 0.05%. S&P 500 futures and Nasdaq 100 futures gained 0.05% and 0.05%, respectively.

The S&P 500 and Nasdaq closed at fresh records Friday, rising 0.96% and 3.34% for the week, respectively. The Dow was the lone laggard, closing the week down 0.6%.

Those moves come after the November jobs report showed stronger-than-expected growth, but not so much strength as to dent investor hopes the Federal Reserve will lower interest rates this month. The CME FedWatch Tool shows markets pricing in an 85% chance the target rate will be lowered by a quarter point at the conclusion of the Dec. 18 meeting.

“Everything else is working exactly the way the Fed wants,” Wharton School’s finance professor Jeremy Siegel told CNBC’s “Closing Bell” on Friday. “I think we’re going to have one rate cut on that December 18 meeting, but truthfully, I think only two or three rate cuts next year. I think this strength could last.”

The Fed is now in a blackout period ahead for commentary of its policy-setting meeting, but investors will get one final piece of insight into their decision-making with key inflation data set to be released this week.

The November consumer price index, due out Wednesday, is expected to show a slight uptick in pricing pressures. Economists polled by Dow Jones expect a 0.3% and 2.7% monthly and yearly increase, respectively. That would be up from 0.2% and 2.6%, respectively, from the prior month.

On Monday, investors will await October wholesale inventories data, due at 10 a.m. ET.

Corporate earnings continue on Monday, with Oracle’s results expected after the close.



Source

How Saudi Arabia is diversifying away from oil — and betting big on AI
World

How Saudi Arabia is diversifying away from oil — and betting big on AI

President and CEO of Saudi’s Aramco, Amin H. Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024. Hamad I Mohammed | Reuters Think of Saudi Arabia and the first thing that comes to mind might be its massive, oil-derived wealth. While oil continues to drive Saudi Arabia’s economy, the […]

Read More
Shares of China’s Sany Heavy Industry trade flat on Hong Kong trading debut after .6 billion IPO
World

Shares of China’s Sany Heavy Industry trade flat on Hong Kong trading debut after $1.6 billion IPO

A worker debugs a robot at a Sany Heavy Industry plant in Changsha, central China’s Hunan Province, on Feb. 20, 2020. Chen Zeguo | Xinhua News Agency | Getty Images China’s Sany Heavy Industry rose over 3% on its Hong Kong trading debut Tuesday after raising HK$12.36 billion ($1.59 billion) in one of the city’s […]

Read More
Asia markets dip as investors look to Trump-Takaichi meeting in Japan
World

Asia markets dip as investors look to Trump-Takaichi meeting in Japan

U.S. President Donald Trump meets with Japan’s Emperor Naruhito at the Imperial Palace in Tokyo on Oct. 27, 2025. Kazuhiro Nogi | Afp | Getty Images Asia markets fell across the board on Tuesday as investors in the region look toward a meeting between U.S. President Donald Trump and newly minted Japanese Prime Minister Sanae […]

Read More