Previous close | 4,569.78 |
Open | 4,557.25 |
Volume |
Day's range | 4,551.68 - 4,578.56 |
52-week range | 3,764.49 - 4,607.07 |
Avg. volume | 3,760,191,587 |
Though markets are pricing in a 1% rate cut next year, fresh data on the labor market could shift the needle.
Futures tracking U.S. stock indexes inched higher on Wednesday as investors were cautiously optimistic about rate cuts from the Federal Reserve early next year and waited for more labor market data. The S&P 500 and the Dow closed lower in the previous session, but the tech-heavy Nasdaq was propped up by a fall in Treasury yields after data showing softening labor demand bolstered bets that the Fed was done raising rates. At 6:58 a.m. ET, Dow e-minis were up 34 points, or 0.09%, S&P 500 e-minis were up 8.25 points, or 0.18%, and Nasdaq 100 e-minis were up 36.25 points, or 0.23%.
Stag Industrial (NYSE: STAG) can be a real yawner. The real estate investment trust (REIT) acquires and operates single-tenant industrial properties across the country. It signs long-term leases with tenants that generate very stable rental income, giving it the cash to pay a monthly dividend that currently yields around 4%.