Stock futures steady as S&P 500 breaks losing streak
Stock futures remained flat after the Dow Jones and S&P 500 experienced three consecutive days of losses. Online pet products retailer Chewy and GameStop saw declines in after-hours trading due to weak forecasts for net sales. The late-2023 rally appears to be losing momentum, with the major indexes closing lower for the third straight day. Investors are awaiting key data releases, including weekly jobless claims and November nonfarm payrolls. China's November exports exceeded expectations, while imports dropped. Australia's trade surplus widened but fell short of estimates. Barclays predicts that markets may experience slowing inflation and growing earnings in 2024, potentially leading to further equity gains.
- Stock futures are little changed after Dow, S&P 500 register three losing days: Live updates CNBC
- U.S. stocks open higher after Dow’s first back-to-back losses in a month MarketWatch
- Live news: S&P 500 notches first 3-day losing streak since October Financial Times
- CNBC Daily Open: Three days is a streak CNBC
- S&P 500 Snaps Losing Streak. Most Sectors Are Higher. Barron's
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