Stock Futures Today
Futures for the Dow Jones Industrial Average (DIA) today (Monday) slipped 28 points ahead of today’s big e-commerce shopping event “Cyber Monday.” Investors will be watching shares of Amazon.com Inc. (Nasdaq: AMZN) as the nation’s top e-commerce site takes center stage. Investors are also excited about news that the company has unveiled its most recent prototype of drones that it plans to deploy as part its Prime Air service.
On Friday, the Dow added 19 points in a short day of trading. Seven out of 10 major S&P sectors were on the rise Friday. The energy sector slipped 0.7%, while media and retail stocks slipped 0.4% on concerns about consumer spending. Shares of Target Corp. (NYSE:TGT) saw gains of more than 1% as the company cited “unprecedented” results through its online sales portal and said that it had large crowds during its Thanksgiving hours.
Top News in the Stock Market Today
The Stock Market Today: On Monday, global leaders are meeting in Paris to kick off the COP21 climate conference. Meanwhile, the retail sector will be in focus after last week’s Black Friday event. Online companies will look for big sales gains during today’s Cyber Monday. On the data side, keep an eye out for the Chicago PMI report, the pending home sales index, and the Dallas Fed Manufacturing Survey.
Stopping Shorts: The iShares MSCI Emerging Markets ETF (NYSE Arca: EEM) fell on Friday as traders kept a tight eye on events in China. On Friday, the Shanghai Composite Index fell 5.5% after news the China Securities Regulatory Commission is investigating a number of local brokerages to prevent short selling and speculation.
Oil Outlook: Oil prices were mixed this morning as traders prepare for a critical OPEC meeting where energy ministers will discuss policy as the global market experiences a supply glut. January WTI prices added 0.1% to hit $41.64 per barrel. Meanwhile, Brent oil crude – priced in London – slipped 0.4% to hit $44.65.
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