Stock futures are little changed after S&P 500, Nasdaq notch new closing highs: Live updates

Published On Dec 4, 2024, 6:02 PM

U.S. stock futures were mostly unchanged after a strong trading day where the S&P 500, Nasdaq, and Dow Jones reached new highs. The markets experienced solid gains, with the S&P 500 and Nasdaq setting closing records. However, the ADP report showed private payroll growth was lower than expected. Notable movements included a 13% drop in American Eagle Outfitters shares due to weaker holiday forecasts and a 14% rise in Five Below shares after a positive earnings report. Investors are awaiting key economic data releases in the coming days, including jobless claims and nonfarm payrolls. Jerome Powell indicated the economy is strong enough for a cautious approach on rate cuts from the Fed, and the stock market outlook appears bullish with indications of continued growth into 2025.