Traders
work
on
the
floor
at
the
New
York
Stock
Exchange
(NYSE)
in
New
York
City,
U.S.,
April
25,
2024.
Brendan
Mcdermid
|
Reuters
U.S.
stock
futures
flickered
near
the
flatline
Monday
evening
after
the
Dow
Jones
Industrial
Average
wrapped
its
fourth
positive
day
in
a
row.
Dow
futures
were
down
4
points,
or
0.01%.
S&P
500
futures
ticked
lower
by
0.02%,
while
Nasdaq
100
futures
slipped
0.04%.
During
Monday’s
main
trading
session,
the
Dow
rose
nearly
0.5%.
The
S&P
500
gained
1%,
and
the
Nasdaq
Composite
advanced
roughly
1.2%;
both
indexes
closed
higher
for
a
third
consecutive
session.
Investors
carried
over
their
bullish
market
sentiment
from
Friday,
when
the
latest
nonfarm
payrolls
data
showed
that
job
growth
came
in
below
expectations
in
April
and
unemployment
ticked
higher.
The
results
alleviated
concerns
that
the
economy
was
too
hot
and
raised
optimism
around
rate
cuts
from
the
Federal
Reserve.
To
be
sure,
other
conflicting
economic
data
—
such
as
an
uptick
in
the
employment
cost
index
—
means
that
there
are
still
questions
surrounding
the
actual
trajectory
of
inflation,
according
to
Rob
Haworth,
senior
investment
strategist,
wealth
management
with
U.S.
Bank.
“I
think
the
market
is
looking
for
a
bit
of
a
tiebreaker
in
terms
of
what’s
happening
with
inflation,”
said
Haworth.
He
added
that
he
has
become
“a
little
more
constructive”
on
his
outlook
due
to
ongoing
economic
strength. “Inflation
is
remaining
persistent
but
not
not
accelerating
to
a
problematic
level.
So
we
think
there’s
room
to
own
risk
assets
here,”
Haworth
added.
Tuesday
will
be
relatively
quiet
on
the
economic
front,
with
just
consumer
credit
data
from
March
scheduled
for
release
in
the
afternoon.
Meanwhile,
Wall
Street
will
be
looking
toward
Disney‘s
quarterly
earnings
report
Tuesday
morning.
Swiss
bank
UBS,
oil
giant
BP
and
Johnson
&
Johnson
spinoff
Kenvue
are
also
scheduled
to
announce
their
results.
