financetom
Market
financetom
/
Market
/
US STOCKS-Wall St muted with focus on more data, Fed commentary
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US STOCKS-Wall St muted with focus on more data, Fed commentary
Dec 3, 2024 7:53 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

*

Tesla slips after its China-made EV sales drop in Nov

*

Job openings rise to 7.744 mln in Oct, beating estimates

*

South Korean firms fall after president declares martial

law

*

Indexes: Dow down 0.15%, S&P 500 off 0.03%, Nasdaq up

0.12%

(Updates at market open)

By Shashwat Chauhan and Purvi Agarwal

Dec 3 (Reuters) -

Wall Street's main indexes were subdued in choppy trading on

Tuesday after the S&P 500 and the Nasdaq notched record high

levels in the last session, with focus on a crucial jobs report

later this week along with more data and commentary from Federal

Reserve officials.

The hotly anticipated monthly payrolls figures on

Friday, a crucial metric in gauging the Fed's interest rate

trajectory, are on top of investors' radar.

A November reading of private payrolls is also due on

Wednesday.

Meanwhile, a Labor Department report showed U.S. job

openings rose to 7.744 million in October, compared with

estimates of 7.475 million, as per economists polled by Reuters.

At 10:08 a.m. ET, the Dow Jones Industrial Average

fell 69.27 points, or 0.15%, to 44,712.73, the S&P 500

lost 2.00 points, or 0.03%, to 6,044.99 and the Nasdaq Composite

gained 23.01 points, or 0.12%, to 19,427.32.

Fed Governor Christopher Waller said on Monday he is

inclined "at present" to support another interest rate cut later

this month, while New York Fed President John Williams could not

yet say what the central bank's next move will be.

"We're hearing from different Fed officials, some saying

we should wait and pause and others saying a quarter point is

certainly doable," said Paul Nolte, senior wealth adviser and

market strategist for Murphy & Sylvest.

"(The Fed's decision) is still up in the air and the

data over the next 10 days or so will make that decision a

little bit easier for the Fed."

On the docket for Tuesday, comments from Chicago Fed

President Austan Goolsbee and Fed Board Governor Adriana Kugler

would be parsed through.

The Nasdaq and the S&P 500 scored to record

closing highs in the last session, as the tech rally spilled

into December after U.S. equities' stellar November performance.

Former U.S. President Donald Trump recaptured the White

House in last month's election and his Republican Party swept

both houses of Congress, boosting stocks in November.

Analysts have cited Trump's potential plans for tax cuts and

deregulation as a positive for stocks, though tariffs could be a

negative on concerns of fresh inflationary pressures and a

global trade war.

Among individual movers, Tesla slipped 1.1% after

data showed the automaker's sales of China-made electric

vehicles fell 4.3% year-on-year to 78,856 in November, pulling

the consumer discretionary sector down 0.2%.

Zscaler ( ZS ) dropped 5.3% after analysts noted that the

cybersecurity firm's second-quarter revenue forecast failed to

impress.

U.S. Steel shed 8.3% after Trump reiterated his

opposition to Nippon Steel's ( NISTF ) planned $15 billion the

purchase of the company.

U.S.-listed shares of South Korean companies lost ground

with iShares MSCI South Korea ETF down 5.7%, after

President Yoon Suk Yeol declared martial law in the country.

Declining issues outnumbered advancers by a 1.23-to-1

ratio on the NYSE and by a 1.5-to-1 ratio on the Nasdaq.

The S&P 500 posted 16 new 52-week highs and two new

lows, while the Nasdaq Composite recorded 64 new highs and 50

new lows.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US STOCKS-S&P 500, Dow futures climb on rate-cut expectations; UnitedHealth jumps
US STOCKS-S&P 500, Dow futures climb on rate-cut expectations; UnitedHealth jumps
Aug 15, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures: Dow up 0.63%, S&P 500 up 0.06%, Nasdaq off 0.19% Aug 15 (Reuters) - Futures tracking the Dow and the S&P 500 were higher on Friday, underpinned by expectations of an interest rate cut in September, while UnitedHealth...
Social Buzz: Wallstreetbets Stocks Mixed Premarket Friday; UnitedHealth Group to Advance, Applied Materials to Decline
Social Buzz: Wallstreetbets Stocks Mixed Premarket Friday; UnitedHealth Group to Advance, Applied Materials to Decline
Aug 15, 2025
06:36 AM EDT, 08/15/2025 (MT Newswires) -- The most-talked-about stocks in the Reddit ( RDDT ) subforum Wallstreetbets were mixed hours before Friday's opening bell. UnitedHealth Group ( UNH ) advanced by 12.1% in premarket hours, reversing a 0.1% decline from the previous session. Berkshire Hathaway (BRK.A, BRK.B) disclosed in a filing that it purchased over 5 million shares of...
S&P 500, Dow futures climb on rate-cut expectations; UnitedHealth jumps
S&P 500, Dow futures climb on rate-cut expectations; UnitedHealth jumps
Aug 15, 2025
(Reuters) -Futures tracking the Dow and the S&P 500 were higher on Friday, underpinned by expectations of an interest rate cut in September, while UnitedHealth surged after Berkshire Hathaway raised its stake in the health insurer. UnitedHealth Group gained more than 12% in premarket trading after Warren Buffett's company revealed a new investment in the health insurer, while a securities...
S&P 500, Dow futures climb on rate-cut expectations; UnitedHealth jumps
S&P 500, Dow futures climb on rate-cut expectations; UnitedHealth jumps
Aug 15, 2025
(Reuters) -Futures tracking the Dow and the S&P 500 were higher on Friday, underpinned by expectations of an interest rate cut in September, while UnitedHealth surged after Berkshire Hathaway raised its stake in the health insurer. UnitedHealth Group gained more than 12% in premarket trading after Warren Buffett's company revealed a new investment in the health insurer, while a securities...
Copyright 2023-2026 - www.financetom.com All Rights Reserved