U.S. stock futures traded near flat
Istanbul, December 16 (Hibya) – As investors awaited the release of the November jobs report, stock futures traded near flat on Monday night.
Futures tied to the Dow Jones Industrial Average slipped 21 points, or 0.04%. S&P 500 futures fell 0.1%, while Nasdaq 100 futures lost about 0.2%. All three major U.S. indexes closed in the red on Monday under pressure from losses in key artificial intelligence companies.
In regular trading, Broadcom fell 5.6%, software company ServiceNow dropped 11.5%, and Oracle declined 2.7%. Microsoft shares also ended the session lower as investors continued to take profits from high-performing AI stocks and rotated into other sectors such as healthcare and utilities. The U.S. stock market remains on track for a strong year, with gains recorded across all eleven sectors of the S&P 500.
Tesla shares climbed about 3.6% on Monday to $475.31, marking their highest close of the year after Tesla executives said over the weekend that the electric-vehicle maker tested its driverless cars on public roads in Austin without anyone inside.
Tesla CEO Elon Musk wrote in a post on X on Sunday, “The tests are continuing with nobody in the car.” On Sunday, Tesla’s official account posted twice on X, saying, “The fleet will wake up with an over-the-air software update” and “Slowly, then suddenly.” Tesla shares are up 17.7% so far this year.
The November jobs report due Tuesday morning could be a catalyst for stocks. Economists surveyed by Dow Jones expect nonfarm payrolls to rise by 50,000, a sharp slowdown from the 119,000 jobs added in September. They also forecast the unemployment rate to edge up to 4.5% from 4.4% in September. The October retail sales report will also be released, and the November consumer price index is due on Thursday.
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