S&P Futures Tilt Lower Following Record November - InvestingChannel

S&P Futures Tilt Lower Following Record November

S&P 500 futures are slightly lower Monday morning as investors looked toward the final month of trading this year.

Futures for the Dow Jones Industrial average faded 36 points to 45,019.

Futures for the broader index backed off 6.75 points, or 0.1% to 6,044.75

Futures for the NASDAQ Composite Index dumped 15.75 points, or 0.1%, to 20,978.25.

November marked the best month of 2024 for both the Dow, which gained 7.5%, and S&P 500, increasing 5.7%. Both of the indexes also notched new all-time intraday and closing highs in Friday’s shortened trading session. The Dow briefly traded above 45,000 for the first time ever in the session.

Investors will watch on Monday for economic data on manufacturing and construction spending. That comes ahead of a series of closely watched labor data due later in the week.

Bitcoin, which traded near $99,000 on Friday, retreated to around $95,000 on Monday as investors were in a bit of a risk-off mood to start the month.

Those moves follow a winning week and month for stocks. Much of November trading was centered on a postelection rally after President-elect Donald Trump emerged as the winner.

In Japan, the Nikkei 225 hiked 0.8% Monday, while in Hong Kong, the Hang Seng leaped 0.7%.

Oil prices obtained 79 cents to $68.79 U.S. a barrel.

Gold prices dulled $16.90 to $2,664.10 U.S. an ounce.

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