S&P 500 futures are slightly lower Monday morning as investors looked toward the final month of trading this year.
S&P 500 futures shed 0.13% and Nasdaq 100 futures ticked down by 0.17%. Futures tied to the Dow Jones Industrial Average slipped 19 points.
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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.
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November marked the best month of 2024 for both the Dow and S&P 500, with the two gaining 7.5% and 5.7% respectively. 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.
Small-cap stocks were also a winner in November as investors saw the group benefiting from Trump's potential tax cuts. The Russell 2000 surged more than 10% in the month, also notching its biggest monthly gain of the year.
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.
Money Report
They'll also monitor speeches expected from Federal Reserve Governor Christopher Waller and New York Fed President John Williams.
Europe stocks open slightly lower
European stocks opened lower Monday, with the Stoxx 600 index down 0.1% in early deals.
France's CAC 40 index fell 0.77% as investors monitored ongoing political volatility in the country. Germany's DAX was down 0.15% while the U.K.'s FTSE 100 was flat.
— Jenni Reid
Stocks come off winning week and month
The market is coming off a winning week and trading month, which both concluded with Friday's closing bell. For a refresher, here's how the three major indexes performed:
- The Dow gained 1.4% in the week, pushing its monthly gain up to 7.5%.
- The S&P 500 added 1.1% on the week, finishing November higher by 5.7%.
- The Nasdaq Composite rose 1.1% in the week, ending the month with a 6.2% advance.
Notably, both the Dow and S&P 500 notched their best monthly performances of 2024 in November.
— Alex Harring
Stock futures are little changed
Futures tied to the Dow, S&P 500 and Nasdaq 100 were all near flat shortly after 6 p.m. ET Sunday night.
— Alex Harring