Pre-Market In Red

Market Performance - Major market indexes have flattened with the Dow down 52 points, S&P 500 down 20 points, Nasdaq down 123 points, and Russell 2000 down 5 points [1] - Year-to-date performance shows Russell 2000 up 13% and Nasdaq up 21%, marking the third consecutive year of Nasdaq trading at 20% or higher [1] Home Price Trends - Pending Home Sales report for November is expected, with previous year-over-year declines of 0.9% in September and 0.4% in October, but month-over-month increases of 4.2% in August, 0.1% in September, and 1.9% in October [2] - The Case-Shiller Home Price Index is set to release data showing three consecutive months of decline in the 20-city survey: down 0.3% in July, 0.6% in August, and 0.5% in September [3] Labor Market Insights - Initial Jobless Claims have decreased by 50,000 since early September, currently at 214,000, indicating a strong labor force [4] - Continuing Claims have risen above 1.9 million after being below 1.8 million for two weeks, consistent with a healthy labor market [5] Federal Reserve Actions - The Federal Open Market Committee (FOMC) minutes will be released, detailing a recent 25 basis points cut in the Fed funds rate to a range of 3.50-3.75%, with three dissents noted [6] Market Outlook - The upcoming trading week will see low volumes and modest risk-taking as the market enters 2026, influenced by AI investments, tariff restrictions, and a changing global economic environment [7]