Stock futures are little changed after Dow notches third winning session: Live updates

Stock futures are adjacent the flatline Tuesday nighttime aft back-to-back winning sessions for large averages.

Futures tied to the Dow Jones Industrial Average ticked up 2 points, hovering adjacent the flatline. S&P futures and Nasdaq 100 futures each fell little than 0.1%.

The 3 U.S. banal indexes ended Tuesday higher after a volatile trading session. The 30-stock Dow Jones Industrial Average closed up much than 660 points, oregon 1.4%, and logged a 3rd consecutive affirmative session. Several tech stocks besides climbed higher to assistance the broader market. Alphabet deed caller grounds highs connected a report that Meta Platforms is considering utilizing the Google parent's TPU chips successful 2027. Chipmaker Nvidia shed much than 2.5%, meanwhile.

"Stocks are trying to signifier a comeback from the past fewer weeks of declines, suggesting that dip buyers are inactive retired successful afloat force," said Clark Bellin, president and main concern serviceman of Bellwether Wealth. "The extent of the market's pullback successful November was lone astir 4% from the precocious October high, which is good beneath the emblematic 10% correction threshold."

"While we expect the banal marketplace to revisit these highs, determination isn't an evident upside catalyst to propel the marketplace betwixt present and the extremity of the year," Bellin added.

Investors proceed to show catalysts that could impact the Federal Reserve's adjacent involvement complaint move. Traders are pricing successful a astir 85% accidental of a 4th percent constituent chopped from the Fed successful December, according to the CME FedWatch tool.

Treasury Secretary Scott Bessent told CNBC earlier Tuesday that there's a "very bully chance" that Trump volition "make an announcement earlier Christmas" connected who volition beryllium the adjacent Fed chair. While helium said helium was interviewing candidates, expectations are shifting toward White House National Economic Council Director Kevin Hassett, aft Bloomberg reported helium had emerged arsenic a frontrunner for the job. Hassett is viewed arsenic idiosyncratic much apt to propulsion for little rates.

Looking astatine the wide picture, November has proven to beryllium a hard period for stocks. All 3 U.S. indexes are tracking for a losing period arsenic concerns astir elevated valuations person cooled the momentum down immoderate high-flying tech stocks. The S&P 500 is down astir 1.1% successful November, portion the tech-heavy Nasdaq Composite has mislaid astir 3%. The Dow has declined astir 1% period to date.