November 16, 2021

North American Morning Briefing: Stock Futures Waver After Nasdaq, S&P 500 Records


Watch For:

U.S. S&P CoreLogic Case-Shiller Home Price Index for April; U.S. Conference Board Consumer Confidence for June.

Opening Call:

Stock futures wobbled Tuesday, with investors awaiting data on consumer confidence levels a day after indexes notched fresh records.

Futures tied to the S&P 500 index wavered between gains and losses. The broad market gauge ended Monday at its 32nd all-time closing of the year, led by gains in the technology sector.

Stocks have climbed in recent weeks, propelled by investors’ confidence in the economic recovery and the prospect of fresh government spending. Money managers remain cautious about whether highly infectious variants of Covid-19 could slow the global economic recovery or disrupt supply chains for crucial goods. Still, most people expect stocks to grind higher, given the low yields coming from bonds…

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