Stock futures are little changed after major U.S. indexes snap five-day win streaks: Live updates

Stock futures are comparatively level Monday nighttime aft a anemic commencement to December trading.

Futures tied to the Dow Jones Industrial Average were hardly changed. The S&P futures and Nasdaq 100 futures besides were hovering adjacent the flatline.

The large U.S. indexes began the week successful the red, ending five-day triumph streaks connected Monday. Risk-off sentiment has pressured the bull marketplace successful caller weeks arsenic worries of persistent inflation, elevated valuations and returns connected artificial quality spending measurement connected investors.

The slump successful cryptocurrencies intensified during the erstwhile league arsenic bitcoin dropped 6% and recorded its worst time since March. Crypto stocks Coinbase and Robinhood each declined much than 4%. November's standout "Magnificent Seven" stock, Google genitor Alphabet, took backmost immoderate gains and fell 1.7%, portion different tech heavyhitters Palantir and Broadcom besides declined. Gold prices and enslaved yields rose, meanwhile.

Although November was a downbeat period for tech stocks, and saw some the S&P 500 and 30-stock Dow eke retired tiny gains, investors are watching for catalysts that could pb to a year-end rally.

Traders are presently optimistic that the Federal Reserve volition denote an involvement complaint chopped connected Dec. 10 astatine decision of its adjacent argumentation meeting. Markets are pricing an 87.6% accidental of a chopped during the upcoming meeting, which is overmuch higher than the likelihood from mid-November, according to the CME FedWatch tool.

"Bulls inactive bask a beardown tailwind from method and cardinal factors arsenic we attack year-end. On the method front, December remains a beardown seasonal month, money flows person been steady, hazard metrics person improved, the S&P 500 has surged backmost supra the 50-day moving average, breadth has improved, yet sentiment remains historically weak," said Mark Hackett, main marketplace strategist astatine Nationwide. "The bear's statement relies connected interest implicit the sustainability of the AI buildout and elevated valuations."

December tends to beryllium a beardown period for the broader market. The S&P 500 averages a summation of much than 1% successful December, making it the third-best period of the twelvemonth for the benchmark successful records going backmost to 1950, according to the Stock Trader's Almanac.