Stock Market Update

06-Jan-25 15:35 ET

Small cap stocks underperform

Dow -21.92 at 42710.21, Nasdaq +232.23 at 19853.90, S&P +31.81 at 5974.28

[BRIEFING.COM] Small cap stocks are underperforming their larger peers. The Russell 2000 trades fractionally lower while the S&P 500 (+0.6%) and the Nasdaq Composite (+1.2%) trade higher.

Market breadth is also mixed now, reflecting more selling interest than index performance might suggest. Decliners now lead advancers by a slim margin at the NYSE while advancers outpace decliners by a narrower 4-to-3 margin (versus 5-to-3 earlier) at the Nasdaq.

Looking ahead to Tuesday, market participants receive the following data:

08:30 ET: November Trade Balance (Briefing.com consensus -$77.9B; prior -$73.8B)
10:00 ET: December ISM Services PMI (Briefing.com consensus 53.0%; prior 52.1%)
10:00 ET November JOLTS - Job Openings (prior 7.744M)