U.S. stock futures traded slightly lower on Sunday night (Monday AEDT) as investors prepared for the final trading month of 2024 following a record-breaking November for major indices.
By 10:25 am AEDT (11:25 pm GMT) Dow Jones Industrial Average futures, S&P 500 futures and Nasdaq 100 futures traded within a range of 0.1%.
November marked the best month of the year for the Dow and S&P 500, both of which set new all-time intraday and closing highs in Friday's shortened trading session.
Small-cap stocks also surged, with the Russell 2000 jumping over 10% during the month, posting its largest monthly gain of the year.
The market’s rally has been largely driven by optimism following President-elect Donald Trump’s victory and his proposals for tax cuts and pro-business policies.
Looking ahead, investors are focusing on key economic data due this week, including ISM manufacturing and services PMIs, JOLTS job openings, and the closely watched nonfarm payrolls report.
Speeches from Federal Reserve Chair Jerome Powell, Governor Christopher Waller, and New York Fed President John Williams are also expected to provide further insights into the economic outlook and monetary policy direction.