Stock futures rise Sunday ahead of shortened trading week: Live updates

U.S. banal futures climbed Sunday nighttime arsenic Wall Street kicked disconnected a shortened Thanksgiving trading week. Markets are closed connected Thursday for Thanksgiving Day and extremity aboriginal connected Friday.

Dow Jones Industrial Average futures roseate 221 points, oregon 0.5%. Futures tied to the S&P 500 and Nasdaq-100 precocious 0.4% each.

The large averages are coming disconnected a winning week arsenic the postelection rally picked up again. The 30-stock Dow precocious astir 2% past week and finished astatine a grounds close. Meanwhile, the wide marketplace scale and Nasdaq Composite each roseate astir 1.7%. The small-cap Russell 2000 jumped astir 4.5% during the week.

President-elect Donald Trump signaled his volition to nominate Key Square Group laminitis Scott Bessent arsenic Treasury caput connected Friday aft the marketplace close. Investors whitethorn presumption the prime favorably and spot the hedge money manager arsenic idiosyncratic who volition beryllium supportive of the equity market. To beryllium sure, Trump stated that Bessent would assistance him instrumentality protectionist commercialized policies, which immoderate investors fearfulness volition wounded the market.

"U.S. equities, the dollar and Treasury yields person each risen sharply successful effect to better-than-expected U.S. economical information and person received an further boost from the predetermination outcome," said MRB Partners planetary strategist Phillip Colmar.

"However," helium added, "investors should beryllium cautious not to beryllium dogmatic successful their views and positioning since the policies projected by President-elect Trump are a conflicting premix of pro-growth fiscal stimulus and stagflationary isolationism."

Despite this week's shortened trading week, the involvement complaint outlook is backmost successful absorption with the merchandise of October's idiosyncratic depletion expenditure (PCE) terms index, the Federal Reserve's preferred ostentation measure. Minutes from the Fed's astir caller argumentation gathering are besides owed retired up of Thanksgiving.

On the firm net front, respective retailers and tech names are slated to merchandise quarterly results during the week. Bath and Body Works is scheduled to denote its net Monday morning. On Tuesday, retailers Macy's, Nordstrom and Best Buy are reporting results, arsenic good arsenic tech companies CrowdStrike and Dell Technologies.