S&P 500 Futures Increase, Nasdaq Dips Slightly, and Dow Rises Following Four-Week Winning Streak

S&P 500 futures edged up by 0.11%, contrasting with a slight 0.07% dip in Nasdaq-100 futures. Meanwhile, Dow Jones Industrial Average futures rose modestly, as major averages are poised for a four-week winning streak. For the week, both the Dow and S&P 500 are up by 0.9%, and the Nasdaq Composite has gained 1%, marking the longest streak since June.

In corporate developments, Nvidia's shares dropped over 1% in premarket trading after announcing a delay in launching a new AI chip in China to comply with U.S. export rules. In banking, Barclays (BARC.L) is reportedly planning to cut up to 2,000 jobs, mainly in back-office operations, aiming to save up to 1 billion pounds ($1.25 billion).

Retail data shows that despite early promotions, the holiday shopping season is falling short of expectations, with dollar spending down 7% and units sold down 6% compared to last year, according to Circana's findings.

Despite the lower volume, the Nasdaq remains in focus with today's release of the Purchasing Managers Index, as a moderate slowdown could signal a dovish turn by the Federal Reserve.