A trader works on the trading floor of the New York Stock Exchange on December 2, 2024.
Brendan McDermid | Reuters
Stock index futures were almost flat Monday night S&P 500 Index The first trading day of December ended at a new all-time high.
S&P 500 Index Futures and Nasdaq 100 Futures Both sit near their own level. Futures and Dow Jones Industrial Average A loss of 27 points, or less than 0.1%.
The moves come after mixed gains on Wall Street. Broad S&P 500 and technology stocks Nasdaq Index After setting a new intraday high, it closed at a record high on Monday.
However, Dow Chemical It closed down more than 100 points, or about 0.3%. Although the blue-chip index once exceeded the closely watched 45,000-point level during the day.
Investors will focus on the October job openings report on Tuesday. It is the first in a series of data expected to be released this week that could provide insight into the strength of the labor market. The main event will be Friday’s November jobs report.
The data was released ahead of the Federal Reserve’s Dec. 17-18 policy meeting. Fed funds futures are currently pricing in a near 75% chance that the Fed will cut rates during the policy collection period, according to CME Fed Watch Tool.
“Labor is very important,” said Sam Stovall, chief investment strategist at CFRA Research. But “we shouldn’t see anything that would subvert investor expectations for another rate cut by the Fed at its December meeting.”
Traders will also be watching Tuesday afternoon speeches from Fed Governor Adriana Coogler and Chicago Fed President Austen Goolsby.
On the earnings side, investors will focus on revenue from salesperson and Octa Expires after ringing.
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