December 6, 2023

Markets:

U.S. stock futures wavered Wednesday as the S&P 500 and Dow Jones Industrial Average tried to rebound from a two-day slide.

The moves came after a trading session where both the Dow and the S&P 500 closed lower for the second day in a row, dropping 0.2% and 0.06%, respectively. The Nasdaq Composite gained 0.3% as technology shares outperformed.

Despite these losses, the past five weeks of consecutive gains means that all three stock indexes are still on track to end the quarter and year notably higher.

Private payrolls increased by less than economists anticipated in November, another sign that the labor market is cooling.

Companies added just 103,000 workers for the month, the ADP reported Wednesday. That’s below the downwardly revised 106,000 in October and the 128,000 consensus forecast for the month from economists polled by Dow Jones.

Portfolio:

We enter the new trading day holding set-ups in U, AI, and IONQ.  Queue is igniting with opportunity and just need to see price activity firm up a bit and we have our next level move. We are merely basing here in this market. So many names coiling up. Take us to 4600 and let's hold for the real runway to begin!

Be ready today. Let's have another outstanding session.