Traders work on the ground of the New York Stock Exchange on the final day of buying and selling for the 12 months on Dec. 31, 2024 in New York City.
Spencer Platt | Getty Images
U.S. inventory futures slipped on Tuesday morning after the S&P 500 and Nasdaq Composite notched a second successful day.
S&P 500 futures have been down 0.06%, whereas Nasdaq 100 futures have been 0.17% decrease. Futures tied to the Dow Jones Industrial Average slipped 33 factors, or lower than 0.1%.
In after-hours motion, shares of Ulta Beauty rose about 1% after the corporate named a new CEO and hiked its fourth-quarter steerage.
During the common session, the broader S&P 500 benchmark added 0.55%, whereas the tech-heavy Nasdaq rose 1.24%. The 30-stock Dow underperformed, slipping 0.06%.
Monday’s advances for the S&P 500 and the Nasdaq have been propelled by a surge in chip shares after Foxconn reported record fourth-quarter revenue. Artificial intelligence darling Nvidia closed at a document, whereas the VanEck Semiconductor ETF (SMH) added greater than 3%.
Another catalyst for shares was a report by the Washington Post that mentioned President-elect Donald Trump’s tariff plan can be narrower than beforehand anticipated. Trump later disputed the report in a Truth Social post.
Investors ought to count on additional market volatility because the 12 months progresses, in keeping with Cameron Dawson, chief funding officer at NewEdge Wealth.
“That is our base case, this concept that you are going into 2025 with such a better bar that it units up for some uneven value motion when you think about the valuations that we’re beginning the 12 months with, the place positioning is and the place most expectations are,” she said on CNBC’s “Closing Bell” Monday afternoon.
Major financial studies that may form the market’s motion loom forward this week. The Job Openings and Labor Turnover Survey is due on Tuesday, whereas the ADP non-public payrolls report is slated for Wednesday. The major occasion awaits on Friday within the type of December’s nonfarm payrolls report.
It is a four-day buying and selling week, with the New York Stock Exchange closed on Thursday in honor of the late former President Jimmy Carter.
