Stock market update: Dow, S&P 500, and Nasdaq futures hold steady as Wall Street hovers near record highs before jobs and CPI reports

US Stock Futures Hold Steady After Dow Hits New High

On Monday evening, futures for US stocks showed little movement, following the Dow Jones Industrial Average’s recent record-setting close as Wall Street continued to recover from last week’s tech-driven downturn.

• Dow Jones futures (YM=F) slipped by about 0.1%.
• S&P 500 futures (ES=F) and Nasdaq 100 futures (NQ=F) remained just below unchanged levels.

Monday’s calm overnight trading followed another day of gains for equities. The Dow (^DJI) managed a modest increase, notching a new milestone above 50,000. The S&P 500 (^GSPC) climbed around 0.5%, drawing closer to its own all-time high, while the Nasdaq Composite (^IXIC) led the way with a 0.9% jump.

Technology stocks powered Monday’s advance, building on last week’s recovery. Investors seem to have renewed optimism in the market’s upward potential after a recent dip linked to worries over software and major tech companies.

Key Economic Events This Week

• Fresh retail sales figures are expected Tuesday morning.
• Focus will then shift to the labor market, with a closely watched jobs report due Wednesday after recent data showed signs of a cooling job market.
• The latest consumer price index will be released Friday, capping a busy week for economic updates.

Other Market Highlights

Gold (GC=F) and bitcoin (BTC-USD) remain in focus as both attempt to recover from last week’s steep declines. Bitcoin, in particular, has experienced significant price swings, which one analyst described as a “crisis of confidence.”

Corporate Earnings in the Spotlight

Earnings season continues to draw attention, with Coca-Cola set to announce results before Tuesday’s opening bell. McDonald’s and Cisco (CSCO) are also scheduled to release their quarterly reports later in the week.