On Monday, the Nasdaq Composite dropped more than 100 points, following a week in which the S&P 500 lost 0.6% while the Dow rose 1.1%.
Traders have now turned their attention to Tuesday's economic calendar, which features the release of official payroll data for October and November alongside October retail sales.
Meanwhile, the 10-year Treasury bond yielded 4.16% and the two-year bond was at 3.49%. The CME Group's FedWatch tool‘s projections show markets pricing a 73.4% likelihood of the Federal Reserve leaving the current interest rates unchanged.
Futures
Change (+/-)
Dow Jones
-0.25%
S&P 500
-0.36%
Nasdaq 100
-0.51%
Russell 2000
-0.40%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Tuesday. The SPY was down 0.42% at $677.87, while the QQQ declined 0.59% to $606.95, according to Benzinga Pro data.
Stocks In Focus
Roku
Roku Inc. (NASDAQ:ROKU) shares jumped 4.10% in premarket on Tuesday after its CFO and COO, Jedda Dan, sold 3,000 shares of Class A Common Stock on Dec. 15, for $107.44 per share, totaling $322,320. Also, as per an investing.com report, Morgan Stanley upgraded the stock from Equalweight to Overweight on Tuesday, raising its price target to $135.00 from $85.00.
It maintains a stronger price trend over the short, medium, and long terms, with a solid growth ranking. Additional performance details, as per Benzinga's Edge Stock Rankings, are available here.
Blue Owl Capital
Blue Owl Capital Inc. (NYSE:OWL) rose 1.22% after announcing an enhanced strategic partnership with Finance of America Companies that includes a $2.5 billion commitment and ...
