This will be a light week with respect to the releases of economic data, and the markets will be closed for trading on New Year’s Day, falling on Thursday.
Meanwhile, the 10-year Treasury bond yielded 4.11%, and the two-year bond was at 3.47%. The CME Group's FedWatch tool‘s projections show markets pricing an 82.8% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
Futures
Change (+/-)
Dow Jones
0.03%
S&P 500
-0.22%
Nasdaq 100
-0.42%
Russell 2000
0.04%
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 Monday. The SPY was down 0.25% at $688.61, while the QQQ declined 0.46% to $621.05, according to Benzinga Pro data.
Stocks In Focus
Target
Target Corp. (NYSE:TGT) shares were up 0.11% in premarket on Monday, following a Financial Times report indicating an activist investor, Toms Capital Investment Management, has made a significant investment in Target, though specific details of the stake were not disclosed.
It maintains a stronger price trend over the short and medium terms but a weak trend in the long term, with a poor quality ranking. Additional performance details, as per Benzinga's Edge Stock Rankings, are available here.
Sable Offshore
Sable Offshore Corp. (NYSE:SOC) shares fell 2.34% following an emergency lawsuit filed by environmental groups seeking to block the Donald Trump administration’s approval for restarting the Las Flores pipeline, citing fears that unaddressed safety issues could lead to another disaster.
