The S&P 500 and Nasdaq indices reached record closing highs on Tuesday as investors eagerly awaited the release of key jobs data. Despite a slight decline in the Dow Jones Industrial Average, tech-related shares extended their gains, driven by positive comments from Federal Reserve policymakers. Two policymakers expressed confidence that inflation will return to the central bank’s 2% target and that the job market remains “solid.” Investors are now keenly watching the U.S. monthly employment report on Friday, as well as a November reading of private payrolls and the Institute for Supply Management’s services report.
Tesla shares slid after data showed a decline in China-made electric vehicle sales by 4.3% year-on-year to 78,856 units in November. Meanwhile, Amazon rose 1.3% following the announcement of new artificial intelligence platforms at its annual AWS conference. The Dow Jones Industrial Average fell 0.17%, while the S&P 500 gained 0.05% and the Nasdaq Composite rose 0.40%.
Source: https://www.reuters.com/markets/us/futures-bide-time-with-focus-more-data-fed-commentary-2024-12-03