Daily Comment

Stock futures were slightly lower on Friday morning, with the Dow Jones Industrial Average flatlining after it had notched a new 2023 high and capped off its best month in more than a year. Futures tied to the 30-stock index shed 6 points, or less than 0.1%, while S&P 500 futures and Nasdaq-100 futures declined about 0.2% and 0.3%, respectively.

U.S. stock futures rose Thursday, buoyed by inflation data that increased hopes the Federal Reserve could begin cutting rates next year. Wall Street was also poised to wrap up November with strong monthly gains. Futures tied to the Dow Jones Industrial Average were up 243 points, or nearly 0.7%. S&P 500 futures jumped 0.4% and Nasdaq-100 futures climbed about 0.3%.

Stock futures ticked up on Wednesday, as investors held out hope that the Federal Reserve is done raising benchmark interest rates. Traders also tried to build on already strong gains for the month. Futures tied to the Dow Jones Industrial Average ticked higher by 132 points, or nearly 0.4%. S&P 500 futures and Nasdaq 100 futures added about 0.5% and 0.7%, respectively.

Stock futures were slightly lower Tuesday as traders analyzed the strong gains seen throughout November and the trading month nears its end. Dow Jones Industrial Average futures shed 45 points, or 0.1%, as S&P 500 and Nasdaq 100 futures fell about 0.3% each.

Stocks were little changed Monday as Wall Street looks to build on four straight positive weeks for the equity market. The S&P 500 fell 0.2%, while the Nasdaq Composite dropped more than 0.1%. The Dow Jones Industrial Average shed 66 points, or 0.2%. Wall Street is coming off the fourth straight winning week for all three major averages, as stocks have rallied since the 10-year Treasury yield retreated from the 5% mark it briefly topped in late October.

Futures tied to the Dow Jones Industrial Average rose slightly Friday ahead of a shortened trading session, as the major averages aimed for a four-week winning streak. Dow futures were up 41 points, or 0.1%. S&P 500 futures were marginally higher, while Nasdaq-100 futures dipped 0.1.

European stocks traded mixed on Thursday, as investors continue to seek direction and with U.S. markets closed. The pan-European Stoxx 600 index was up 0.15% at 1:13 p.m. London time. Oil and gas stocks pulled ahead with a 1.2% gain despite the continued fall in oil prices after OPEC delayed a key meeting.

Stock futures rose slightly on Wednesday as yields fell to their lowest level in two months. Futures tied to the S&P 500 futures climbed 0.3%, while Dow Jones Industrial Average futures added 43 points, or 0.1%.Nasdaq 100 futures gained 0.4%.

Stock futures were down slightly Tuesday as traders took a breather following another winning session and looked ahead to the release of the Federal Reserve meeting minutes. Futures tied to the Dow Jones Industrial Average were down 62 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures dipped 0.2% and 0.3%, respectively.

U.S. equity futures were little changed on Monday, as Wall Street started the shortened Thanksgiving holiday week. Futures tied to the Dow Jones Industrial Average fell 34 points, or 0.1%. S&P 500 futures were down 0.1%, and Nasdaq-100 futures dipped 0.05%.

Futures tied to the Dow Jones Industrial Average rose slightly Friday as investors looked to keep this month’s gains going. Dow futures ticked higher by 117 points, or 0.3%. S&P 500 futures advanced 0.2%, while Nasdaq 100 futures ticked fractionally lower.

Stock dipped Thursday as investors took a breather from November’s hot streak. Dow Jones Industrial Average futures lost 26 points, or 0.1%. S&P 500 futures were unchanged, while Nasdaq 100 futures slid 0.1%.