Stock futures inch higher on Monday after Dow closes at another record: Live updates
Published On Nov 25, 2024, 6:02 PM
The stock market futures climbed slightly after the Dow Jones Industrial Average reached a new all-time high. The Dow added 45 points, while S&P 500 and Nasdaq futures also saw minor increases. This uptick follows a robust trading session driven by positive feelings surrounding President-elect Donald Trump's Treasury secretary pick, Scott Bessent, which investors believe may support financial markets. However, Kohl's shares dropped 4% after the announcement of its CEO's departure. Overall, despite recent gains, there's cautious optimism about how new administration policies will impact the market moving forward, especially with a holiday-shortened trading week ahead.
Stock Forecasts
SPY
Positive
Despite some concerns from the leadership change at Kohl's, the broader market is showing strength with record highs in major indices. The expectations surrounding Trump's Treasury pick should lend positive momentum to the markets, suggesting investor confidence in economic policies.
KSS
Negative
Kohl's may experience continued volatility following the CEO news, reflecting investor uncertainty about the company's direction. This could be a signal for investors to be cautious with retail stocks in the upcoming trading days.
Related News
Stock market today: Dow jumps after Trump picks Scott Bessent for Treasury
Nov 25, 2024, 12:35 PM
Trump's choice of Scott Bessent for Treasury secretary is buoying spirits at the start of a holiday-shortened week.
S&P 500 seen reaching 6,600 next year by strategists at RBC, Barclays
Nov 25, 2024, 10:45 AM
Strategists see falling inflation, resilient economic growth, and rising earnings driving further returns for the S&P 500 in 2025.
Stock market today: Dow, S&P 500, Nasdaq jump after Trump picks Scott Bessent for Treasury
Nov 25, 2024, 9:34 AM
Trump's choice of Scott Bessent for Treasury secretary is buoying spirits at the start of a holiday-shortened week.