D - Dow Futures Flat to Begin December
Stock futures were slightly lower on Friday morning, with the Dow Jones Industrial Average flatlining after it had notched a new 2023 high and capped off its best month in more than a year.
Futures for the 30-stock index dipped 14 points to 35,996.
Futures for the S&P 500 fell nine points, or 0.2%, at 4,567.75.
Futures for the NASDAQ sank 48.25 points to 15,937.25.
Friday's muted moves come on the heels of an exhilarating end to a blowout November rally. The Dow Jones Industrial Average surged 520 points, or 1.47%, to settle at 35,950.89 and top its previous 2023 high hit in August. The S&P 500 rose 0.4%, while the NASDAQ Composite slipped about 0.2%.
Stocks finished off a record November during Thursday's session and snapped a three-month losing streak. The S&P and NASDAQ rallied 8.9% and 10.7%, respectively, to notch their best monthly performances since July 2022. The Dow surged 8.8% for its best month since October 2022.
Both the Dow and S&P are also headed for a winning week, with the Dow on pace to hit a fifth consecutive winning week for the first time in more than two years. The NASDAQ is down about 0.2% week to date and is slated to snap a four-week wining streak.
Disney shares moved up nearly 0.4% in pre-market trading after the entertainment giant reinstated its dividend. Ulta Beauty jumped 11.4 % on strong quarterly results.
Looking ahead, earnings reports from Dominion Energy, Gartner and Cardinal Health are due out Friday. Construction spending for October and ISM Manufacturing data for November are also on deck.
In Japan, the Nikkei 225 dropped 0.2%, while in Hong Kong, the Hang Seng Index fell 1.3%.
Oil prices fell 27 cents to $75.69 U.S. a barrel.
Gold prices slipped 70 cents to $2,037.40 U.S. an ounce.
Dow Futures Flat to Begin December