U.S. stock futures showed little movement after the S&P 500 and Nasdaq Composite reached new closing highs.
The Dow Jones Industrial Average futures dipped slightly, while S&P 500 futures and Nasdaq-100 futures also decreased.
American Eagle Outfitters experienced a notable decline in after-hours trading, while Five Below saw a surge following a positive earnings report.
These mixed results reflect the varying fortunes of retailers during the holiday shopping season.
The recent performance of the stock market coincides with mixed economic signals, particularly in the labor market.
Federal Reserve Chair Jerome Powell stated that the U.S. economy is strong enough to allow for a cautious approach to interest rate cuts.
Market participants are closely monitoring the Fed's next moves, with futures trading indicating a likelihood of a rate cut at the upcoming meeting.
Several key earnings reports are anticipated in the coming days, providing further insight into consumer spending trends and the overall health of the retail sector.
Market analysts remain optimistic about the potential for continued growth.
The interplay between economic data, corporate earnings, and Federal Reserve policy will be crucial in shaping market dynamics.