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Stock futures rise as traders look ahead to holiday-shortened week: Live updates
U.S. stock futures rise on Sunday night ahead of a shortened holiday week, as traders deliberate whether tech can regain its footing before the year's end.
Dow Jones Industrial Average futures rose by 83 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures climbed 0.2% and 0.3%, respectively.
Wall Street is coming off a mixed week for the major averages. A late-week surge in tech stocks helped lift the S&P 500 and Nasdaq Composite to their third winning week in four, up 0.1% and 0.5%, respectively. The 30-stock Dow, which has outperformed this month, fell 0.7%, snapping a three-week winning streak.
Artificial intelligence stocks enjoyed a resurgence last week after their recent underperformance. Shares of Oracle, a major laggard, jumped after TikTok agreed to sell its U.S. operations to a new joint venture that includes the software giant and private-equity firm Silver Lake. Nvidia also made a comeback.
Stock market today: Dow, S&P 500 slip, Nasdaq snaps three-day losing streak as Tesla climbs to record
US stocks diverged on Tuesday, Tesla (TSLA) stock hitting a new record at the same time that the Dow and S&P 500 slumped as investors saw a mixed picture from updates on the labor market. The delayed November jobs report showed an uptick in jobs added last month but also found the unemployment rate jumped to a 2021 high.
The tech-heavy Nasdaq Composite (^IXIC) climbed 0.2% as Tesla shares closed at their first record in a year on the heels of recent robotaxi advancements. Meanwhile, the S&P 500 (^GSPC) dropped 0.2%, while the blue chip-heavy Dow Jones Industrial Average (^DJI) shed 0.6%, or 300 points.
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