Dow futures dip, traders return after Thanksgiving holiday
2023.11.26 18:53
© Reuters.
Investing.com – US stock futures were trading slightly lower during Sunday’s evening trade, after major benchmark averages closed their fourth consecutive week of gains.
By 6:30 pm GMT (11:30 pm GMT) and were down by 0.1% apiece while lost 0.2%.
In the week ahead, market participants will be closely monitoring , , , , , , personal and , , , and data, as well as speeches from , , , , and .
Wall Street is riding on the momentum of a four-week winning streak for all three major averages. This rally has been fueled by the 10-year Treasury yield’s retreat from the 5% threshold it briefly surpassed in late October.
However, the rally comes amidst cautionary signals from some US retailers about a potential slowdown in consumer spending. Market traders are also keenly awaiting economic updates on the commencement of the holiday shopping season following Black Friday.
On the bond markets, rates were at 4.492% while yields were at 4.955%.
