On Tuesday, investors await a wave of economic data, including delayed reports on third-quarter GDP and durable goods, alongside updates on industrial production and December’s consumer confidence.
Meanwhile, in the truncated week, trading will be closed on Thursday following an abbreviated session on Wednesday, with equity markets closing at 1:00 p.m. ET and bond markets at 2:00 p.m. ET.
Meanwhile, the 10-year Treasury bond yielded 4.15%, and the two-year bond was at 3.50%. The CME Group's FedWatch tool‘s projections show markets pricing an 80.1% likelihood of the Federal Reserve leaving the current interest rates unchanged.
Futures
Change (+/-)
Dow Jones
0.04%
S&P 500
0.07%
Nasdaq 100
0.11%
Russell 2000
0.02%
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 higher in premarket on Tuesday. The SPY was up 0.10% at $685.52, while the QQQ advanced 0.15% to $620.15, according to Benzinga Pro data.
Stocks In Focus
Parsons
Parsons Corp. (NYSE:PSN) jumped 6.16% after disclosing that it was awarded a contract under the Missile Defense Agency's SHIELD program.
PSN maintained a weaker price trend over the short, medium, and long terms, with a poor value ranking. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.
XMax
XMax Inc. (NASDAQ:XWIN) shares tumbled 4.45% after it filed for a public offering of 1.1875 million shares priced at $4.21 per share.
It maintains a stronger price trend over the short, medium, and long terms. ...
