Stock
futures
dipped
on
Sunday
evening
as
Wall
Street
looks
to
build
on
four
straight
positive
weeks
for
the
equity
market.
Futures
for
the
Dow
Jones
Industrial
Average
ticked
down
38
points,
or
0.1%.
Futures
for
the
S&P
500
and
Nasdaq
100
slipped
about
0.2%
each.
Wall
Street
is
coming
off
the
fourth-straight
winning
week
for
all
three
major
averages,
as
stocks
have
rallied
since
the
10-year
Treasury
yield
retreated
from
the
5%
mark
it
briefly
topped
in
late
October.
The
rally
has
come
despite
warnings
from
some
U.S.
retailers
that
consumer
spending
is
weakening.
Traders
will
be
looking
for
updates
about
the
start
of
the
holiday
shopping
season
after
Black
Friday.
Weak
spending
data
could
suggest
that
the
Federal
Reserve’s
rate
hikes
are
finally
starting
to
weigh
on
the
broader
economy.
“The
New
York
Fed’s
latest
household
survey
shows
that
a
record-high
share
of
consumers
are
saying
that
it
is
much
harder
to
obtain
credit
…
This
is
what
the
textbook
would
have
predicted.
When
the
Fed
raises
interest
rates
it
becomes
more
difficult
for
consumers
to
borrow,”
Torsten
Slok,
Apollo
Global
Management
chief
economist,
said
in
a
note
to
clients
on
Sunday.
The
week
ahead
is
also
a
busy
one
for
economic
indicators
and
Fed
commentary.
On
Monday,
new
home
sales
and
the
latest
Dallas
Fed
Manufacturing
Survey
are
due
out.
Readings
for
consumer
confidence
and
inflation
follow
later
in
the
week.
