U.S. stock futures showed modest gains on Monday night, following a strong performance in the S&P 500 and Nasdaq Composite. Specifically, S&P 500 futures increased by 0.1%, and Nasdaq 100 futures rose by 0.2%, while Dow Jones Industrial Average futures added 48 points. Ulta Beauty’s shares surged over 1% in after-hours trading after announcing a new CEO and raising its fourth-quarter guidance. In the regular session, the S&P 500 gained 0.55%, and the Nasdaq jumped 1.24%, driven predominantly by a rally in chip stocks, spurred by Foxconn’s record fourth-quarter revenue. Nvidia also reached an all-time high. Stock movement was influenced by a report indicating a potentially narrower tariff plan from President-elect Donald Trump, which he later disputed. Cameron Dawson, chief investment officer at NewEdge Wealth, cautioned investors about impending market volatility as expectations for 2025 rise. Key economic reports are anticipated this week, including the Job Openings and Labor Turnover Survey on Tuesday, the ADP private payrolls report on Wednesday, and the crucial nonfarm payrolls report on Friday. Trading will be limited this week due to the NYSE closure on Thursday in memory of former President Jimmy Carter.
