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Sunday, December 3, 2023

Dow futures slip ahead of public holiday

Dow futures slip ahead of public holiday
© Reuters

 

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Investing.com – U.S. stock futures were trading in a right range frollowinga positive week among major benchmark averages, with markets set to remain closed on Monday for a public holiday.

By 6:50pm ET (10:50pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were down by 0.1% apiece.

Ahead in the week, investors will be closely monitoring factory orders, trade balance, Markit and ISM services PMIs and nonfarm productivity, as well as speeches from Williams, Bowman, Logan, and Barr.

During Friday’s trading session, the Dow Jones Industrial Average added 115.8 points or 0.3% to 34,837.7, the S&P 500 gained 8.11 points or 0.2% and the NASDAQ Composite finished flat at 14,031.8.

On the data front, nonfarm payrolls data came in above expectations at 187K, while the unemployment rate lifted to 3.8%.

For the week, the Dow gained 1.1%, the S&P 500 added 2% and the NASDAQ lifted 2.4%.

On the bond markets, United States 10-Year rates were at 4.181%.

Source: Investing.com

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