Traders work at the New York Stock Exchange (NYSE) in New York City, USA, on November 17, 2023.
Brendan Mcdermid | Reuters
Stock futures were steady Tuesday as traders analyzed the strong gains seen throughout November and the trading month nears its end.
Dow Jones Industrial Average Futures rose only 1 point, since S&P 500 and Nasdaq 100 Futures they fell 0.1% each.
Actions of zscaler fell 6% in the previous market. The cloud security company maintained its expectations for fiscal 2024 revenue of between $2.52 billion and $2.56 billion. Otherwise, Zscaler posted earnings and adjusted revenue that beat expectations in the fiscal first quarter.
The movements follow a lost day on Wall Street. He Dow and S&P 500 Both ended Monday's session down 0.2%, while the Nasdaq Composite fell almost 0.1%.
Monday's modest pullback comes near the end of the strong November trading month, which concludes with Thursday's close. The Dow and S&P 500 are on track to finish the month up 6.9% and 8.5%, respectively. The tech-heavy Nasdaq rose 10.8% in November.
"Overall, stocks appear to be in pause mode following strong November returns and in anticipation of holiday spending trends," said Terry Sandven, chief equity strategist at US Bank Wealth Management. "The tug of war between the bull and bear camps remains balanced. And that, in our view, suggests that the market decline is perhaps more the norm than the exception."
Traders will follow economic data on topics including house prices and consumer confidence due out Tuesday morning. On the profit front, Strike crowd It is expected to report earnings after the bell.
Investors will also closely monitor a number of Federal Reserve officials who will make comments throughout the day. Those speakers included Chicago Federal Reserve President Austan Goolsbee, as well as Federal Reserve Governors Christopher Waller and Michelle Bowman.
