U.S. stock futures were steady on Sunday night after another winning week for Wall Street, as investors turned their focus to the upcoming Federal Reserve meeting. Futures on the S&P 500 Index (SPX), the Nasdaq 100 (NDX), and the Dow Jones Industrial Average (DJIA) were up 0.09%, 0.17%, and 0.1%, respectively, at 9:24 p.m. EDT on December 7.
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Sunday night’s trading followed a second straight positive week for all three major indexes. The DJIA rose 0.5% last week, while the Nasdaq gained 0.9%. The S&P 500 was up about 0.3% and is now just 0.7% below its record intraday high. Both the S&P 500 and Nasdaq posted four-day winning streaks on Friday, and the Dow has finished higher in three of the past four sessions.
Traders are now more confident that the Fed could cut interest rates at this week’s Federal Open Market Committee meeting, which will be the last meeting of the year.
With most of earnings season now over, only a few notable reports are left. Lululemon (LULU), Costco (COST), Broadcom (AVGO), Oracle (ORCL), and Adobe (ADBE) are all set to report this week. There’s no major economic data due Monday, but the New York Fed will release its consumer expectations survey in the morning.
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