Traders work on the New York Stock Exchange trading floor during morning trading on Nov. 7, 2024.
Michael M. Santiago | Michael M. SantiagoGetty Images
Stock futures edged higher on Monday morning as Wall Street focused on what’s next after a post-election rally propelled the market to record highs.
Dow Jones Industrial Average futures rose 55 points, or 0.12%. S&P 500 futures also rose 0.18%, while Nasdaq 100 futures rose 0.23%.
Sunday’s moves come after a big week for U.S. stocks, with all three major indexes hitting record closing highs. this Dow Chemical and S&P 500 Index Both had their strongest weeks in a year, with the former briefly topping the 44,000-point mark.
Last week’s rally was seen as broad-based, led by tech stocks Nasdaq Index and small-cap focused Russell 2000 Also moving forward.
Much of this week’s gains came on Wednesday, when the Dow gained 1,500 points after Donald Trump won the presidential election. Traders are also keeping a close eye on Thursday’s Fed policy announcement, which revealed that interest rates will be lowered again, and the subsequent press conference with Chairman Jerome Powell.
“Investors hate uncertainty, and with the election results now certain, markets are now getting clarity that can allay fears of a contentious election,” Katie Nixon, head of investments at Northern Trust, wrote in a letter to clients on Friday. “Investors can now focus on what matters most to the market – economic and corporate fundamentals. “
No noteworthy economic data is expected on Monday, but investors will await inflation data later in the week. Ticket Master Parents live country and food and facility service providers Aramark The companies are due to report earnings on Monday.
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