{"id":48487,"date":"2024-12-02T12:01:50","date_gmt":"2024-12-02T12:01:50","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-december-2-2024-futures-slip-as-markets-enter-final-month-of-the-year\/48487\/"},"modified":"2024-12-02T12:01:50","modified_gmt":"2024-12-02T12:01:50","slug":"stock-market-today-december-2-2024-futures-slip-as-markets-enter-final-month-of-the-year","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-december-2-2024-futures-slip-as-markets-enter-final-month-of-the-year\/48487\/","title":{"rendered":"Stock Market Today: December 2, 2024 &#8211; Futures Slip as Markets Enter Final Month of the Year"},"content":{"rendered":"<p>As we enter the final month of 2024, the stock market is showing signs of a slight pullback after a robust November performance. <b>Futures for major indexes are edging lower<\/b> in early morning trading on Monday, December 2, 2024, with Nasdaq 100 futures down 0.15%, <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average futures declining 0.18%, and <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> futures slipping 0.19% as of 3:34 a.m. EST.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-december-2-2024-futures-slip-as-markets-enter-final-month-of-the-year\/48487\/#Novembers_Strong_Performance\" >November&#8217;s Strong Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-december-2-2024-futures-slip-as-markets-enter-final-month-of-the-year\/48487\/#Key_Economic_Data_and_Events\" >Key Economic Data and Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-december-2-2024-futures-slip-as-markets-enter-final-month-of-the-year\/48487\/#Corporate_Earnings_in_Focus\" >Corporate Earnings in Focus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-december-2-2024-futures-slip-as-markets-enter-final-month-of-the-year\/48487\/#Market_Movers_and_Shakers\" >Market Movers and Shakers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-december-2-2024-futures-slip-as-markets-enter-final-month-of-the-year\/48487\/#Global_Market_Outlook\" >Global Market Outlook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-december-2-2024-futures-slip-as-markets-enter-final-month-of-the-year\/48487\/#Looking_Ahead\" >Looking Ahead<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Novembers_Strong_Performance\"><\/span>November&#8217;s Strong Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>November proved to be an exceptionally strong month for U.S. equities, with both the Dow Jones and the S&#038;P 500 recording their best monthly performances of 2024. The <b>Dow Jones surged 7.5%, while the S&#038;P 500 gained an impressive 5.7%<\/b>. Not to be outdone, the Nasdaq Composite also posted a solid 6.2% increase for the month.<\/p>\n<p>This positive momentum was primarily driven by a post-election results rally and other favorable economic indicators. As we move into December, investors are closely watching to see if this upward trend can be sustained through the end of the year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Economic_Data_and_Events\"><\/span>Key Economic Data and Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several important economic reports are scheduled for release this week, which could significantly impact market sentiment:<\/p>\n<p>1. S&#038;P final U.S. Manufacturing Purchasing Managers&#8217; Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PMI\">PMI<\/a>)<br \/>2. Construction Spending report<br \/>3. Factory Orders<br \/>4. S&#038;P final U.S. Services PMI<br \/>5. U.S. Unemployment Rate<\/p>\n<p><b>Federal Reserve Chair Jerome Powell is also set to speak later in the week<\/b>, which could provide insights into the central bank&#8217;s monetary policy outlook and potentially move markets.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Corporate_Earnings_in_Focus\"><\/span>Corporate Earnings in Focus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The earnings season continues with several notable companies scheduled to report their quarterly results this week. Investors will be paying close attention to reports from:<\/p>\n<p>&#8211; Salesforce (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CRM\">CRM<\/a>)<br \/>&#8211; Marvell Technology (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MRVL\">MRVL<\/a>)<br \/>&#8211; ChargePoint (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CHPT\">CHPT<\/a>)<br \/>&#8211; Chewy (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CHWY\">CHWY<\/a>)<br \/>&#8211; Foot Locker (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=FL\">FL<\/a>)<br \/>&#8211; DocuSign (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DOCU\">DOCU<\/a>)<br \/>&#8211; Lululemon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LULU\">LULU<\/a>)<br \/>&#8211; Hewlett Packard Enterprise (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HPE\">HPE<\/a>)<br \/>&#8211; Ulta Beauty (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ULTA\">ULTA<\/a>)<\/p>\n<p><b>Cybersecurity firm Zscaler (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ZS\">ZS<\/a>) is scheduled to release its earnings today<\/b>, which could provide insights into the rapidly evolving tech sector.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Movers_and_Shakers\"><\/span>Market Movers and Shakers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While the overall market sentiment appears cautious, certain stocks are garnering attention due to their potential undervaluation. According to recent analysis, some noteworthy stocks estimated to be trading below their intrinsic value include:<\/p>\n<p>1. NBT Bancorp (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NBTB\">NBTB<\/a>): Currently trading at $50.12, with an estimated fair value of $99.93<br \/>2. DO &#038; CO (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DOC\">DOC<\/a>): Trading at \u20ac160.00, with an estimated fair value of \u20ac317.77<br \/>3. Charter Hall Group (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CHC\">CHC<\/a>): Priced at A$15.50, with an estimated fair value of A$31.22<\/p>\n<p><b>These stocks show potential discounts ranging from 49.6% to 50.4% based on cash flow estimates<\/b>, which may present opportunities for value investors.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Market_Outlook\"><\/span>Global Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Asian markets showed strength on Monday, buoyed by positive economic reports. Strong manufacturing data from China and increased capital expenditure by Japanese firms fueled optimism in the region. The <b>Hang Seng Index in Hong Kong gained 0.65%, while China&#8217;s Shenzhen Component and Shanghai Composite indices rose by 1.36% and 1.13%, respectively<\/b>. Japan&#8217;s Nikkei and Topix indices also closed higher, up 0.80% and 1.27%, respectively.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead\"><\/span>Looking Ahead<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As we navigate the final month of 2024, market participants will be closely monitoring economic data, corporate earnings, and geopolitical developments. The strong performance in November has set a positive tone, but investors remain cautious as they assess the sustainability of recent gains and potential headwinds.<\/p>\n<p>With key economic reports and Federal Reserve commentary on the horizon, this week could provide crucial insights into the market&#8217;s direction as we approach year-end. <b>Investors should stay vigilant and consider both the opportunities and risks presented in this dynamic market environment<\/b>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As we enter the final month of 2024, the stock market is showing signs of a slight pullback after a 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