U.S. stock futures were pointing to a slightly lower Wall Street open after the Dow and S&P 500 closed at record highs Friday.
2. The stock market is expected to have much smaller gains next yearFischerrx6 | iStock | Getty Imageswith Wall Street firms targeting an average 3,320 for the S&P 500 by the end of 2020, according to a CNBC survey. Such an advance, representing a 2.4% gain from Friday's record high close, would be less than a tenth of what the index's 2019 return. The S&P 500, on average, gained 6.6% in the fourth year of a presidential term when a Republican is seeking reelection.
A General Motors assembly worker works on assembling a V6 engine, used in a variety of GM cars, trucks and crossovers, at the GM Romulus Powertrain plant in Romulus, Michigan, August 21, 2019.Economists are looking for a December reading of 47.4 compared to 46.3 in November. A reading below 50 is typically seen as a sign of an economic slowdown and contraction in the sector.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street analysts say these stocks are 'undervalued' heading into 2020CNBC combed through recent Wall Street research to find stocks that top analysts say are 'undervalued.' Among them, Dupont, GoDaddy, and Royal Caribbean.
Read more »
Start your Monday smart: What's happening this weekHanukkah ends. We ring in the New Year. The Quadrantid meteor shower lights up the sky. The NFL Playoffs kick off. Here's what the next six days will bring.
Read more »
What's on TV Monday: 'A Star Is Born' on TCMWhat's on TV Monday, Dec. 30: 'A Star Is Born' on TCM; 'Chopped Sweets'; 'Her Smell'; 'Pavarotti'
Read more »
Texas landowners fear losing property to Trump’s border wallThe Donald Trump administration has plans to take private land for the president’s border wall, and now Texas landowners fear losing property that could become part of Mexico in the process. Journalist David Corn of Mother Jones joins Joy Reid to discuss.
Read more »