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Dow futures ease 0.1% following S&P 500 record high

Published 12/02/2024, 01:00
© Reuters.
- - US stock futures indicated a largely unchanged opening on Sunday evening, coming on the heels of a week that saw the broader S&P 500 index setting new records.

By 6:30 pm ET (11:30 pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were trading 0.1% lower.

In the week ahead, investors will be paying close attention to key CPI and PPI data, as well as retail sales figures and the Michigan consumer sentiment index.

In addition, speeches by several Federal Reserve officials including Bowman, Barkin, Kashkari, Bostic, Barr and Daly. These speeches often provide valuable insights into the central bank's thinking and can influence market trends.

Finally, the earnings season is set to roll into its fourth week, with several major companies on deck to report their financial results. These include beverage giant Coca-Cola Co (NYSE:KO), home-sharing platform Airbnb Inc (NASDAQ:ABNB), animal health company Zoetis Inc (NYSE:ZTS), networking hardware company Cisco Systems Inc (NASDAQ:CSCO), semiconductor equipment supplier Applied Materials Inc (NASDAQ:AMAT), and agricultural machinery manufacturer Deere & Company (NYSE:DE).

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On Friday, the S&P 500 climbed 0.57% to close above the 5,000 level for the first time in history. The tech-centric NASDAQ Composite followed suit, gaining 1.25%. Conversely, the Dow Jones Industrial Average slipped 54.46 points or 0.14%.

On the bond markets, United States 10-Year rates were at 4.177%.

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