Stock Market Today: Dow futures rise and S&P 500 takes another crack at 6,000 as post-election rally continues
U.S. stock futures gained ground on Monday, continuing a post-election rally.
* Dow Jones Industrial Average futures rose 89 points, or 0.2%, to 44230.
* S&P 500 futures gained 16 points, or 0.3%, to 6041.
* Nasdaq-100 futures increased 74 points, or 0.4%, to 21305.
On Friday, the Dow Jones Industrial Average rose 260 points, or 0.59%, to 43989, the S&P 500 increased 22 points, or 0.38%, to 5996, and the Nasdaq Composite gained 17 points, or 0.09%, to 19287.
Last week, the S&P 500 grew 4.7%, its best weekly percentage gain in a year.
The Russell 2000’s 8.6% weekly rise was its best in more than four years.
“U.S. equities will be buffeted by conflicting forces, but deregulation and industrial policies under Trump 2.0 will likely benefit sectors such as banks and small/mid-caps,” said strategists at the Amundi Investment Institute. “Higher inflation and a more hawkish Fed will pose risks to fixed income investments, while supporting the dollar in the short term,” they added.
The bond market is closed on Monday for the Veterans Day holiday.
The big event on the economics calendar this week will be Wednesday’s release of the consumer price index.
There’s a few high-profile earnings this week, including from The Home Depot and Walt Disney.