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Stock futures are flat after S&P 500 ekes out record close

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Traders are seen working on the New York Stock Exchange’s floor (NYSE) in New York City on October 25, 2021.

Spencer Platt | Getty Images

Stock futures were flat in overnight trading after the S&P 500 eked out a fresh record close Monday to kick off November.

The Dow Jones Industrial Average futures gained 11 points. S&P 500 futures were near the flatline and Nasdaq 100 futures were little changed.

All three U.S. stock indices reached new intraday records and were closed at record levels during Monday’s regular sessions.

Thanks to gains in, the Dow gained 94.3 points. Boeing and Dow Inc. The S&P 500 rose nearly 0.2%. The Nasdaq Composite added 0.6%. The small-cap Russell 2000 gained 2.7%, its best daily performance since August.

Eight out of 11 S&P 500 sectors finished the session higher, led by energy.

Investors are eyeing a number of potentially market-moving events this week. The Federal Reserve’s highly anticipated Federal Open Market Committee meeting takes place this week. The October jobs report drops Friday. Third-quarter earnings season continues.

“The November FOMC meeting, October payrolls … a host of earnings updates sets up a catalyst heavy week of trading ahead,” Goldman Sachs’ Chris Hussey said in a note.

Companies to report earnings Tuesday are being waited on by investors Under Armour Pfizer Lyft

Better-than-expected corporate earnings results boosted the U.S. stock averages to finish October at record highs, with the S&P 500 and Nasdaq posting their best months since November 2020.

As of Monday evening according to FactSet, 55.8% of S&P 500 companies have reported quarterly financial results, with 82% beating earnings estimates.

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