Traders operated on the floor of the New York Stock Exchange in anticipation of the final month’s trading for 2024. As of Sunday night, stock futures displayed minimal movement. Futures linked to the Dow Jones Industrial Average dipped by 45 points, or 0.1%, while S&P 500 and Nasdaq 100 futures decreased by 0.1% and 0.2%, respectively. This slight downturn follows a successful week and month for the stock market, driven largely by a postelection rally after President-elect Donald Trump secured victory.
November proved to be an exceptional month for the Dow and S&P 500, each reaching new all-time intraday and closing highs during a shortened trading session on Friday. Small-cap stocks also thrived, with the Russell 2000 index experiencing a 10% surge, its largest monthly gain of the year, as investors anticipated benefits from Trump’s suggested tax cuts.
Looking ahead, investors are focusing on Monday’s economic reports concerning manufacturing and construction spending. This precedes crucial labor data expected later in the week. Additionally, market watchers will pay attention to speeches from Federal Reserve Governor Christopher Waller and New York Fed President John Williams, which may offer insights into future monetary policies.
In summary, while stock futures showed slight declines, November’s market performance has been notably strong, fueled by post-election optimism and prospective fiscal policies, setting the stage for a closely scrutinized economic landscape as the year concludes.
Original Story https://www.cnbc.com/2024/12/01/stock-market-today-live-updates.html
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