S&P 500 futures are little changed after index posts another record close: Live updates

Published On Dec 3, 2024, 6:04 PM

U.S. stock futures are flat following a record close for the S&P 500. As of the latest updates, futures for the S&P 500 rose slightly, while the Dow and Nasdaq also showed modest gains. The market had a slow start to December after a strong November rally. Analysts believe that momentum may build as December is typically a favorable month for stocks, influenced by upcoming labor market data and earnings reports from major companies. However, sentiment among individual investors has turned cautious, with more bearish views about the market's near-term prospects, according to a survey by Bank of America.

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Stock Forecasts

SPYView SPY chart on TradingView

Positive

Despite the cautious sentiment from individual investors, the broader market context and historical trends suggest that there could be further upward momentum in December. The expectation of strong labor market data may provide a solid foundation for continued growth in the indices.

SHView SH chart on TradingView

Positive

Given that individual investors are skeptical and that bearish sentiment is rising, caution is warranted. If the market fails to meet bullish expectations this month, there could be a retreat in stock prices, especially if trading volumes are lower as the year winds down.

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