The Dow Rides On A Four-Week Winning Streak

US stock futures were marginally lower on Sunday evening, following the significant benchmark averages’ fourth consecutive week of gains.

dji 4h chart

DJI 4-hour chart

Dow Jones Industrial Average futures and S&P 500 futures were each down 0.1%, while Nasdaq 100 futures were down 0.2%.

In the week ahead, market participants will be closely monitoring data on building permits, new home sales, the house price index, consumer confidence, gross domestic product, the personal consumption expenditures price index, personal income and spending, initial jobless claims, pending home sales, and the manufacturing purchasing managers’ index (PMI), as well as speeches from Federal Reserve officials Christopher Waller, Michelle Bowman, Lael Brainard, Loretta Mester, Jason Furman, and Jerome Powell.

Wall Street is riding the momentum of a four-week winning streak for all three major averages. This streak 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 amid cautionary signals from some US retailers about a potential slowdown in consumer spending. Market participants are also keenly awaiting economic updates on the commencement of the holiday shopping season following Black Friday.

On the bond markets, US 10-year yields were at 4.492%, while 2-year yields were at 4.955%.

Recent News
Start Trading Now !

Try our demo account for free to learn trading. When you’re ready, switch to a live account and start trading for real.

Popular posts
ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://atfxvnmprd.wpenginepowered.com/en-au/ to proceed.

ATFX

Restrictions on Use

Products and Services on this website are not available for Hong Kong investors and not related to any corporation licensed by the Securities and Futures Commission in Hong Kong.

All the information and materials posted on this website should not be regarded as or constitute a distribution, an offer, solicitation to buy or sell any investments.

使用限制:本網站的產品及服務不適用於香港投資者及與任何香港證監會持牌公司無關。

網站內部的信息和素材不應被視為分銷,要約,買入或賣出任何投資產品。

ATFX

Restrictions on Use

AT Global Markets (UK) Limited does not offer trading services to retail clients.
If you are a professional client, please visit https://atfxconnect.com