US stock markets set to open flat as investors await key economic data and potential Fed rate cut.

US stock markets are expected to open flat on Monday as investors focus on upcoming economic data, including the November jobs report set for Friday. The S&P 500 and Dow reached record highs last week, with the Dow gaining 1.4% and the S&P 500 increasing 1.1% on the week. There's a 65% chance of a 25-basis-point rate cut by the Federal Reserve later this month. Intel shares rose after CEO Pat Gelsinger's retirement, while Stellantis fell following its CEO's resignation.

December 01, 2024
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