Traders
work
on
the
floor
at
the
New
York
Stock
Exchange
(NYSE)
in
New
York
City,
U.S.,
November
17,
2023.
Brendan
Mcdermid
|
Reuters
Stock
futures
are
flat
Monday
night
as
traders
analyzed
the
strong
gains
seen
throughout
November
and
the
trading
month
nears
its
end.
Dow
Jones
Industrial
Average
futures
added
just
24
points,
or
0.1%.
S&P
500
and
Nasdaq
100
futures
were
both
near
flat.
Shares
of
Zscaler
slid
nearly
7%
in
after-hours
action.
The
cloud
security
company
maintained
its
expectations
for
fiscal
2024
billings
of
$2.52
billion
to
$2.56
billion.
Zscaler
otherwise
posted
adjusted
earnings
and
revenue
that
came
ahead
of
expectations
in
the
fiscal
first
quarter.
The
moves
follow
a
losing
day
on
Wall
Street.
The
Dow
and
S&P
500
both
finished
Monday’s
session
around
0.2%
lower,
while
the
Nasdaq
Composite
inched
down
nearly
0.1%.
Monday’s
modest
retreat
comes
near
the
end
of
November’s
strong
trading
month,
which
concludes
with
Thursday’s
close.
The
Dow
and
S&P
500
are
on
pace
to
finish
the
month
6.9%
and
8.5%
higher,
respectively.
The
technology-heavy
Nasdaq
has
climbed
10.8%
in
November.
Investors
paid
particular
attention
to
stocks
tied
to
online
shopping
during
the
Cyber
Monday
trading
session.
“Buy
now,
pay
later”
stock
Affirm
popped
nearly
12%.
Shopify
jumped
almost
5%,
while
Amazon
advanced
0.7%.
“On
balance,
equities
appear
to
be
in
pause
mode
following
strong
November
returns
and
in
anticipation
of
holiday
spending
trends,”
said
Terry
Sandven,
chief
equity
strategist
at
U.S.
Bank
Wealth
Management.
“The
tug
of
war
between
bull
and
bear
camps
remains
balanced.
And
that,
in
our
view,
suggests
that
market
chop
is
perhaps
more
the
norm
versus
exception.”
Traders
will
follow
economic
data
on
topics
including
housing
prices
and
consumer
confidence
due
Tuesday
morning.
On
the
earnings
front,
CrowdStrike
is
expected
to
report
earnings
after
the
bell.
Investors
will
also
track
a
slate
of
Federal
Reserve
officials
set
to
deliver
remarks
throughout
the
day.
Those
speakers
include
Chicago
Fed
President
Austan
Goolsbee,
as
well
as
Fed
Governors
Christopher
Waller
and
Michelle
Bowman.
