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Investors Assess Pause in November Rally, Stocks Down

Stock futures were slightly lower Tuesday as traders analyzed the strong gains seen throughout November and the trading month nears its end.

Futures for the Dow Jones Industrials retreated 28 points, or 0.1%, to 35,345.

Futures for the S&P 500 slipped 9.25 points, or 0.2%, at 4,551.75.

Futures for the NASDAQ slid 38.75 points, or 0.2%, to 15,967.25.

Shares of Zscaler slid about 4.8% in the premarket. The cloud security company maintained its expectations for fiscal 2024 billings of $2.52 billion to $2.56 billion. Zscaler otherwise posted adjusted earnings and revenue that came ahead of expectations in the fiscal first quarter.

The moves follow a losing day on Wall Street. The Dow and S&P 500 both finished Monday’s session around 0.2% lower, while the NASDAQ inched down nearly 0.1%.

Monday’s modest retreat comes near the end of November’s strong trading month, which concludes with Thursday’s close. The Dow is set to gain 6.9% for November and S&P 500 is on pace to finish the month 8.5% higher. The technology-heavy NASDAQ has climbed 10.8% in November.

Traders will follow economic data on topics including housing prices and consumer confidence due Tuesday morning. On the earnings front,

CrowdStrike is expected to report earnings after the bell.

In Japan, the Nikkei 225 dipped 0.1%, while in Hong Kong, the Hang Seng Index fell 1%.

Oil prices gained 71 cents to $75.57 U.S. a barrel.

Gold prices increased $2.10 to $2,014.50 U.S. an ounce.

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