NEW YORK MarketWatch (12/11) — U.S. stocks wavered between small gains and losses on Monday after a strong performance in the prior session that boosted the Dow industrials to a record close.
Investors are weighing encouraging Chinese economic reports that came out over the weekend and helped Asian and European equities. They are also continuing to digest Friday’s better-than-expected U.S. jobs report.
Bond traders have a holiday Monday thanks to Veterans Day, when there will also be no economic reports from the U.S. government.
“Today is going to be a pretty mild day when it comes to movements, just because we’re not going to see much in the way of data,” said Kristina Hooper, a U.S. investment strategist at Allianz Global Investors. “The lack of economic data points today may just cause further scrutiny of Friday’s jobs report.”
The S&P 500 was last roughly unchanged at 1,771. The Dow Jones Industrial Average edged up 14 points, or less than 0.1%, to 15,776, heading for a fresh record close. The Nasdaq Composite tacked on 1 point, or les than 0.1%, to 3,921.
Investors are weighing encouraging Chinese economic reports that came out over the weekend and helped Asian and European equities. They are also continuing to digest Friday’s better-than-expected U.S. jobs report.
Bond traders have a holiday Monday thanks to Veterans Day, when there will also be no economic reports from the U.S. government.“Today is going to be a pretty mild day when it comes to movements, just because we’re not going to see much in the way of data,” said Kristina Hooper, a U.S. investment strategist at Allianz Global Investors. “The lack of economic data points today may just cause further scrutiny of Friday’s jobs report.”
The S&P 500 was last roughly unchanged at 1,771. The Dow Jones Industrial Average edged up 14 points, or less than 0.1%, to 15,776, heading for a fresh record close. The Nasdaq Composite tacked on 1 point, or les than 0.1%, to 3,921.
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