Stock Market Futures Pause as Dow Jones Pulls Back from Four-Week Winning Streak
Originally Published 2 years ago — by Yahoo Finance
US stock futures stumbled on Monday, but are still on track to record their best month in over a year, buoyed by optimism for an end to US interest rate hikes. The Dow Jones Industrial Average, S&P 500, and Nasdaq 100 futures were all down around 0.1% after a fourth consecutive weekly win. The VIX, Wall Street's "fear gauge," closed at its lowest level since January 2020. However, the rally may face a test with the release of a fresh reading on PCE inflation, the Federal Reserve's preferred gauge of consumer price pressures. Investors are also monitoring Cyber Monday updates to gauge consumer spending during the holiday season. Oil prices slid as traders anticipated more output cuts at the delayed OPEC+ meeting.