Traders work on the floor of the New York Stock Exchange (NYSE) on November 29, 2024 in New York City, USA.
Brendan McDiarmid | Reuters
S&P 500 futures were flat on Tuesday night after the market-wide index hit a new record close.
futures tied to S&P500 The amount added is less than 0.1%. Nasdaq 100 futures It rose by nearly 0.2%. Dow Jones Industrial Average Futures It rose by 85 points (0.2%).
In extended trading, sales force Sales rose 10% after the company posted better-than-expected fiscal third-quarter earnings.
During the regular session, S&P500 Although it increased by 0.05%, Nasdaq Composite Added 0.4%. Both indexes closed at all-time highs. 30 shares Dow It was a laggard, declining by nearly 0.2%.
Major stock averages had a lukewarm start to the December trading month, compared to the strong performance they had in November following Donald Trump's victory in the polls. But the rally is likely to accelerate again this month, said George Smith, portfolio strategist at LPL Financial.
“As we turn the calendar to December, the stock market momentum could continue as it has historically been a good month for seasonal stock market fluctuations,” he said. “Historically, these big gains are often loaded on the back end.”
Labor market data, particularly the November jobs report released on Friday, could shape the next phase of the bull market. Data released Tuesday showed job openings totaled 7.74 million in October, higher than economists expected.
On Wednesday, traders will scrutinize the ADP Private Payroll Report for November, which shows an expected increase of 163,000 positions, according to a survey of economists compiled by Dow Jones. The S&P Global U.S. Services Purchasing Managers Index, Factory Orders, and Consumer Durables Index will also be released.
On the Fed front, Chairman Jerome Powell is scheduled to speak in a moderated debate in New York on Wednesday afternoon.
In terms of profits, chewy, dollar tree and foot locker Several companies are scheduled to report earnings Wednesday morning.
