Stock futures tick higher after S&P 500 posts second straight winning day: Live updates

Stock futures tick higher after S&P 500 posts second straight winning day: Live updates


Traders work on the New York Stock Exchange (NYSE) floor in New York City. 

Spencer Platt | Getty Images

U.S. stock futures were marginally higher on Monday night after the S&P 500 and Nasdaq Composite notched a second winning day.

S&P 500 futures and Nasdaq 100 futures respectively climbed 0.1% and 0.2%. Futures tied to the Dow Jones Industrial Average added 48 points, or 0.1%.

In after-hours action, shares of Ulta Beauty rose more than 1% after the company named a new CEO and hiked its fourth-quarter guidance.

During the regular session, the broader S&P 500 benchmark added 0.55%, while the tech-heavy Nasdaq rose 1.24%. The 30-stock Dow underperformed, slipping 0.06%.

Monday’s advances for the S&P 500 and the Nasdaq were propelled by a surge in chip stocks after Foxconn reported record fourth-quarter revenue. Artificial intelligence darling Nvidia closed at a record, while the VanEck Semiconductor ETF (SMH) added more than 3%.

Another catalyst for stocks was a report by the Washington Post that said President-elect Donald Trump’s tariff plan would be narrower than previously expected. Trump later disputed the report in a Truth Social post.

Investors should expect further market volatility as the year progresses, according to Cameron Dawson, chief investment officer at NewEdge Wealth.

“That is our base case, this idea that you’re going into 2025 with such a higher bar that it sets up for some choppy price action when you consider the valuations that we’re starting the year with, where positioning is and where most expectations are,” she said on CNBC’s “Closing Bell” Monday afternoon.

Major economic reports that will shape the market’s action loom ahead this week. The Job Openings and Labor Turnover Survey is due on Tuesday, while the ADP private payrolls report is slated for Wednesday. The main event awaits on Friday in the form of December’s nonfarm payrolls report.

It is a four-day trading week, with the New York Stock Exchange closed on Thursday in honor of the late former President Jimmy Carter.



Source

South Korean auto, shipbuilding shares climb after trade deal finalized
World

South Korean auto, shipbuilding shares climb after trade deal finalized

South Korean auto and shipbuilding stocks rallied Thursday after Seoul and Washington finalized a trade deal announced back in July. Hanwha Ocean spiked as much as 14.9% while Samsung Heavy Industries climbed 8.33% at its peak. Defense product maker Firstec also rose as much as 9.7%. Automakers Hyundai and Kia saw gains of around 12% […]

Read More
Samsung’s third-quarter profit more than doubles, beating estimates as chip recovery gathers pace
World

Samsung’s third-quarter profit more than doubles, beating estimates as chip recovery gathers pace

Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images Samsung Electronics reported a rebound in earnings on Thursday, with operating profit more than doubling from the previous quarter on a rebound in its chip business.  Here are Samsung’s third-quarter results compared with LSEG SmartEstimate, which […]

Read More
Asia-Pacific markets set for mixed open after Fed casts doubt on another rate cut in December
World

Asia-Pacific markets set for mixed open after Fed casts doubt on another rate cut in December

A container ship sails past buildings in Busan, South Korea, on Thursday, Sept. 22, 2022. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set for a mixed open Thursday, after U.S. Federal Reserve Chair Jerome Powell indicated that a rate cut in December was far from a “foregone […]

Read More