United States stock futures dipped on Sunday evening (Monday AEDT) after indices reached fresh highs on Friday (Saturday AEDT).
S&P 500 futures were down 0.1% to 7,000.75 points by 10:20 am AEDT (11:20 pm GMT). Dow Jones futures fell 0.1% to 49,766.00 and Nasdaq futures declined 0.1% to 25,917.25.
The S&P 500 closed 0.7% higher to reach a new record on Friday (Saturday AEDT). The Dow Jones Industrial Average was up 0.5%, also notching a record close, while the Nasdaq Composite climbed 0.8%.
Mortgage lender stocks continued their rally after-hours, having surged on Friday due to U.S. President Donald Trump’s plan for government-sponsored mortgage guarantors Fannie Mae and Freddie Mac to buy US$200 billion in mortgage bonds. Rocket Companies was up 0.2% in after-hours trading and UWM Holdings rose 0.6%.
Shares in Warner Bros. Discovery (WBD) and Netflix dropped by 0.3% and 0.1% after-hours, with Paramount Skydance saying it would not yet raise its hostile takeover bid for WBD. WBD has maintained its agreement to sell its studio and streaming assets to Netflix will go ahead.
Goldman Sachs has also cut its price target for Netflix to US$112 to $130 amid uncertainty over the acquisition. Netflix earnings are due on 20 January.
The U.S. added 50,000 jobs in December, below the 56,000 added in November and under Dow Jones' forecasts of 73,000. Payroll increases averaged 49,000 per month in 2025, falling from 168,000 in 2024.
Major banks including JPMorgan Chase, Bank of America, Citigroup, and Goldman Sachs will report earnings this week.
U.S. inflation data will also be released on Tuesday (Wednesday AEDT).
