Nasdaq Futures

Futures on the Nasdaq exhibited minimal fluctuations in anticipation of the U.S. retail sales figures for December, following the Dow Jones Industrial Average’s achievement of a record closing for the second consecutive day. S&P 500 futures experienced an increase of 0.2%, whereas Nasdaq 100 and Dow futures rose by 0.1% and showed a marginal uptick, respectively. Yesterday, the tech-heavy Nasdaq and benchmark S&P 500 recorded respective increases of 0.9% and 0.5%, while the blue-chip Dow experienced a modest rise of less than 0.1%, having also achieved an intraday record for the second consecutive trading day.

Market participants are anticipating the postponed December U.S. retail sales figures, set to be published at 8:30 a.m. today. Forecasts indicate a 0.4% increase for the month, a decrease from the 0.6% observed in November. Retail sales, excluding auto sales, are anticipated to have increased by 0.3%, a decline from the previous reading of 0.5%. Prior to the reading, the yield on the 10-year Treasury, which influences interest rates across various consumer loans such as mortgages, decreased to 4.18% from Monday’s closing figure of approximately 4.21%.

In the aftermath of earnings reports, shares of Spotify surged by 9%, Hasbro experienced a 2% increase, AstraZeneca saw a 2% rise, ON Semiconductor decreased by 4.5%, Coca-Cola declined by 4%, and CVS Health fell by 2.5%. Ford Motor and Robinhood Markets were among those slated to report results after markets close. Shares of AppLovin and Oracle experienced additional increases of 4% and 1% in premarket trading, following their leading performances in the S&P 500 with respective gains of 13% and nearly 10%. Microsoft and Nvidia shares were up less than 1% after they led the Dow yesterday with respective advances of about 3% and 2.5%.

Bitcoin was trading around 68,600, down from overnight highs near 70,700. The U.S. dollar index, which measures the value of the greenback relative to a selection of global currencies, increased slightly to 96.88. Gold futures experienced a decline of 0.3%, settling at $5,065 per ounce, whereas silver futures saw a decrease of 0.7%, reaching $81.65 per ounce. West Texas Intermediate crude futures, the U.S. benchmark, increased by 0.3% to $64.55 a barrel.