Dow Jones Today: Stock Futures Slip as Gold Surges to Record; Bitcoin Tops $41K

Stock futures fell in premarket trading Monday while Bitcoin surged and gold traded at a record high at the outset of a week chock-full of labor market data that could bolster or undermine expectations for a more dovish Fed.

Bitcoin traded above $41,000 for the first time since April 2022, right before the Terra stablecoin proved to be not so stable.

Meanwhile, gold surged Sunday evening to a record high of over $2,100. The metal has risen relatively steadily in the last two months as the conflict in the Middle East has increased demand for safe havens.

Investors will get plenty of labor market updates this week, with October’s Job Openings and Labor Turnover Survey (JOLTS) coming on Tuesday, payroll provider ADP’s employment report on Wednesday, and the government’s employment report on Friday.

November’s rally started to cool off last week, with the S&P 500 and Nasdaq rising less than 1% over the week for the first time in more than a month. Still, the major indexes notched their fifth consecutive week of gains.

Stock Futures Slip To Start the Week

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