US Stocks, Gold Rally Ahead of Key Economic Data

US stock futures remained stable overnight, anticipating delayed economic data releases. The S&P 500, Nasdaq 100, and Dow Jones Industrial Average futures all held near the flat line, following a third consecutive win for US stocks at the start of the week. Gold and silver continued to rise, fueling a significant rally that could make these precious metals their best performers in over four decades. Wall Street rebounded after last weeks key reports, including a surprise drop in inflation and softer labor market numbers, which kept interest rate cut hopes alive for 2026. The upcoming Tuesday data release, featuring the first look at third-quarter GDP and consumer confidence, will provide insights into the economy before the Christmas break. The consumer confidence number is particularly scrutinized amid discussions of a K-shaped economy, where some consumers are prospering while others are struggling. Markets will close early on Wednesday and be closed all day Thursday for the holiday. With these reports set to fill in some economic gaps, traders are prepared for any surprises that could influence rate cut expectations, but the market mood remains steady as the short week begins.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.