U.S. stock futures edged higher on Monday morning, indicating a positive start to the holiday-shortened week. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were up 0.46%, 0.59%, and 0.43%, respectively, at 3:41 a.m. EST, November 25.
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In Friday’s regular trading session, the Dow Jones closed at an all-time high high, gaining 1%. Also, the S&P 500 and the Nasdaq Composite gained 0.4% and 0.2%, respectively. Furthermore, all three indices ended the previous week in positive territory, buoyed by the post-election rally and positive economic data.
Investor attention is now focused on several key events this week, including the release of the latest Federal Open Market Committee (FOMC) meeting minutes on Tuesday. Also, on Wednesday, the U.S. Personal Consumption Expenditure data will provide insights into the Fed’s future monetary policy decisions.
Additionally, several retailers and tech companies, such as Bath & Body Works (BBWI), Macy’s (M), Zoom (ZM), Best Buy (BBY), CrowdStrike (CRWD), and Dell Technologies (DELL), are scheduled to release their quarterly earnings reports this week.
Investors should also note that the market will remain closed on Thursday for Thanksgiving. Further, the market will open on Friday but will close early at 1:00 p.m. in observance of Black Friday.
Meanwhile, the U.S. 10-year treasury yield was down at the time of writing, floating near 4.337%. At the same time, WTI crude oil futures trended lower, hovering near $70.57 per barrel as of the last check.
Elsewhere, European markets opened higher today. On the economic front, the eurozone will release the Consumer Price Index (CPI) for November, which can influence the European Central Bank’s (ECB) future interest rate decision.
Asia-Pacific Markets Traded Mixed on Monday
Asia-Pacific indices were mixed today as traders assessed the People’s Bank of China’s decision to keep its one-year medium-term lending facility rate unchanged at 2%. Also, investors are looking forward to China’s industrial data and the November inflation report from Japan.
Hong Kong’s Hang Seng index was down 0.41%. Also, China’s Shanghai Composite and Shenzhen Component indices declined 0.11% and 0.17%, respectively. However, Japan’s Nikkei and Topix indices finished higher by 1.3% and 0.71%, respectively.
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