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Stock futures are little changed after S&P 500 hits another record high

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Traders are seen working on the New York Stock Exchange’s floor in New York City. December 8, 2021.

Brendan McDermid | Reuters

Wall Street’s record breaking week saw Wall Street calmly trade in stock futures on Monday evening.

Futures tied to the Dow Jones Industrial Average dipped 14 points, while those for the S&P 500 was flat and Nasdaq 100 futures ticked up less than 0.1%.

Futures are then moved. stocks rallied in Monday’s regular session, with the S&P 500 rising roughly 1.4% to close at a record high. The Nasdaq Composite climbed 1.4% while the Dow rose about 352 points.

In part due to the introduction of Covid 19, the omicron form of Covid 19, stocks dropped in late November. But stock markets have recovered and have since rebounded. Governments have mostly avoided reinstating severe social distancing. On Monday, the Centers for Disease Control and Prevention declared that they were shortening its isolation recommendationFor people who are positive, it is recommended that they wait five days before seeking treatment.

The spread of the virus caused stock market declines in airlines on Monday. hundreds of flight cancelationsAround Christmas.

Light trading in the last days of the year is often called “Santa Clause rallies”, which sees stocks rise. Wall Street experts predict relatively small stock gains for 2022 following two solid years.

Jim Lacamp, Senior Vice President at Morgan Stanley Wealth Management said that Wall Street is filled with very low expectations. This could be a sign that the cycle has just begun.Closing Bell.”

In addition to the S&P 500’s record close, the Dow is within 1% of its intraday all-time high, while the Nasdaq is about 2% below its high-water mark.

For the year, the S&P 500 is up 27.6% for the year and the Nasdaq is up 23.1%. Up 18.6% is the Dow, which leads.

It is a slow week overall for economic data, but investors will get a look at home prices on Tuesday when the October reading for the S&P/Case-Shiller Home Price Index is released before the bell.

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