Stock futures remained steady Sunday night after a mixed week on Wall Street. There was a notable shift from tech stocks to sectors with lower price valuations. Traders are preparing for key U.S. economic reports set to be released this week.
Futures for the Dow Jones Industrial Average dipped slightly, while S&P 500 futures fell 0.1%, and Nasdaq-100 futures dropped 0.2%. Last week, the S&P 500 and Nasdaq Composite had some losses; the S&P 500 fell by 0.6%, and the Nasdaq saw a steeper decline of 1.7%. Meanwhile, the Dow, which relies less on tech, saw a gain of 1.1%.
Tech giants Oracle and Broadcom led the downturn, with Oracle dropping 12.7% and Broadcom falling over 7%. The broader tech sector in the S&P 500 fell by 2.3%. Financial expert Ed Yardeni noted, “The S&P 500’s Magnificent-7 might be less magnificent in 2026 as competition in AI heats up.” His insight suggests that the current leaders may face challenges, allowing other companies to thrive.
This week will be crucial for the market. The U.S. is set to release the nonfarm payrolls figures for November and October retail sales data on Tuesday. These reports were postponed due to the recent government shutdown. Additionally, Thursday will bring the November consumer price index, which is a key indicator of inflation.
Keeping an eye on these reports will help investors gauge economic health and market trends. Understanding these shifts can provide insight into where the market is headed in the coming months. For more detailed information on economic indicators and their impact, you can check out the Bureau of Labor Statistics.
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