4:15pm: Dow Jones books fresh high
US stocks finished Monday’s trading session mixed, with the Dow Jones gaining 0.3% to hit a new high of 38,797 points.
The S&P 500 closed 0.1% lower at 5,022 points and the Nasdaq shed 0.3% at 15,943 points.
12:05pm: S&P climbs higher above 5,000 benchmark
At midday, the S&P 500 continued to climb higher after booking a historic close above 5,000 points last week.
The index had added 0.4% or 19 points at 5,045 points.
The Dow Jones had gained 0.5% or 202 points at 38,873 points and the Nasdaq traded up 0.4% or 67 points at 16,059 points.
“The new week has begun with gains for stocks,” IG market analyst Chris Beauchamp commented.
“Tomorrow’s CPI reading in the US promises to be the main event of the week. Price growth is expected to keep slowing towards the Fed’s target, so investors will be hoping for a bigger-than-expected drop in order to provide the foundations of a rally to fresh record highs for US indices.”
9:55am: US markets kick off the week flat
US stocks opened little changed on Monday, with the S&P 500 continuing a run of form above the 5,000 mark.
Shortly after the opening bell the S&P 500 sat at 5,027, following Friday’s close above the mark for the first time ever.
The Nasdaq and Dow Jones also sat broadly flat at 15,995 and 38,704 respectively as the week’s trading got underway.
Apparel and footwear brand VF Global led the way with gains of 8% as the markets opened, with Airbnb and Paramount also rising.
Among a quiet day for earnings, Arista Networks shares climbed 3.8% ahead of the firm’s fourth-quarter update.
Investors also awaited an update of the US government’s budget on Monday morning, which comes after a deficit of US$314 billion was reported for December.
Last January’s figure marked a deficit of US$129 billion, with consensus estimates placing Monday’s reading at US$21 billion.
7:30am: US stocks called flat
Stocks in the US are expected to open broadly flat on Monday morning, with the S&P 500 holding firm above the 5,000 mark.
As per pre-market trading, futures for the Dow Jones were off 0.07% at 38,721, while the S&P 500 and NASDAQ each climbed marginally.
Though a quiet day on the earnings side, Arista Networks is due to release its latest quarterly report, with shares in the firm sitting 3% higher in pre-market trading.
US government budget figures are anticipated for January meanwhile, after a deficit of US$129 billion was reported for December.