U.S. futures held steady on Monday evening (Tuesday AEDT), following a session where the S&P 500 and Nasdaq Composite reached fresh record highs.
By 10:20 am AEDT (11:20 pm GMT) Dow Jones Industrial Average futures ticked 0.1% lower while S&P 500 futures and Nasdaq 100 futures remained flat.
The mixed Monday session saw the S&P 500 and Nasdaq Composite hitting fresh intraday highs and closing at record levels. However, the Dow dropped more than 100 points, or about 0.3%, despite briefly crossing the key 45,000 threshold earlier in the day.
Investors are now focused on key labour market updates this week. The November payrolls report, due Friday, is expected to be a central market driver.
The data comes ahead of the Federal Reserve’s policy meeting on December 17-18, where market expectations suggest a 76% likelihood of an interest rate cut, according to CME’s FedWatch Tool.
In addition to economic data, traders will be closely watching speeches from Fed Governor Adriana Kugler and Chicago Fed President Austan Goolsbee scheduled for Tuesday afternoon.
On the earnings front, Salesforce and Okta are set to report after the market close on Tuesday (Wednesday AEDT).