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U.S. stock futures faced challenges early Tuesday after reaching record highs in the last session. S&P 500 futures increased slightly by less than 0.1%, while Nasdaq 100 futures fell by 0.1%. After achieving new highs on the first trading day of December, both the S&P and Nasdaq Composite will be evaluated this week with several economic data releases, ending with the jobs report on Friday.
You are preparing for December 2, 2024, a day in advance.
The main attention is on the JOLTS jobs data and comments from the Federal Reserve, which could either support or weaken the increasing expectations for interest rate reductions.
U.S. stock futures dropped early on Tuesday after reaching record levels in the last session. S&P 500 futures decreased by less than 0.1%, while Nasdaq 100 futures fell by 0.1%. After achieving new highs on the first trading day of December, both the S&P and Nasdaq Composite will face challenges this week due to several economic data releases, ending with the jobs report on Friday.
This week, Wall Street will be looking at various labor market information, including the October Jolts report that comes out on Tuesday.
Lori Calvasina, the Head of US Equity Strategy at RBC Capital Markets, discussed her 2025 S&P 500 price target of 6,600 on Market Domination. She explained that RBC uses a quantitative method that considers various factors like valuation, economic sentiment, and political analysis, noting that historical data shows gains of about 11% when Republicans are in control. However, she also warned that RBC expects a market correction of 5-10% before reaching that target.
The S&P 500 (^GSPC) rose by 0.24% and the Nasdaq Composite (^IXIC) increased by almost 1%, both reaching record highs at the end of Monday's trading. Meanwhile, the Dow Jones Industrial Average (^DJI) finished the day down by nearly 0.3%. In their recap, Julie Hyman and Jared Blikre discuss how the tech sector is responding to the unexpected resignation of Intel (INTC) CEO Pat Gelsinger and the Biden administration's new export restrictions on Chinese AI chipmaking tools.
The US economy is in a strong position. Bank of America predicts it will remain stable throughout the next year.
Here are the most recent updates for investors about stocks that are popular this Tuesday.
U.S. stock futures showed little change early Tuesday after reaching record highs the day before. S&P 500 futures increased by 0.1%, while Nasdaq 100 futures remained mostly stable. After achieving new highs on the first trading day of December, both the S&P and Nasdaq Composite will face challenges this week with several economic data releases, ending with the jobs report on Friday.
- What is the Dow Jones Industrials index?
- What is the symbol for the Dow Jones Industrials index?
- How many stocks are in Dow Jones Industrials?
- What companies are in the Dow Jones Industrials?
- How to invest in the Dow Jones Industrials index?
What is the Dow Jones Industrials index?
What is the symbol for the Dow Jones Industrials index?
How many stocks are in Dow Jones Industrials?
What companies are in the Dow Jones Industrials?
How to invest in the Dow Jones Industrials index?
- Exchange-Traded Funds (ETFs)
Buy shares of ETFs that track the DJI index. These funds hold stocks from the DJI and trade like regular stocks on the stock market. - Index Funds
Invest in mutual funds that are designed to match the performance of the DJI index. These are usually bought through a brokerage or directly from a fund company. - Futures Contracts
If you're more advanced, you can use futures contracts to bet on the future movement of the DJI index. This is a more complex option and carries higher risk. - Options
Another advanced option is buying options contracts that give you the right to buy or sell an ETF or fund that tracks the DJI index at a set price.