(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)
* Oil majors fall in premarket trade
* IHS Markit rises on $44 bln buyout deal from S&P Global (NYSE: SPGI )
* Futures: Dow down 0.6%, S&P dips 0.4%, Nasdaq flat
By Shriya Ramakrishnan
Nov 30 (Reuters) - U.S. stock index futures dipped on Monday as investors paused ahead of crucial economic indicators later this week to take stock of what was set to be a record-setting month for the benchmark S&P 500 .
Data giant S&P Global Inc SPGI.N dipped 1.6% in premarket trading as it announced a $44 billion deal to buy IHS Markit Ltd INFO.N . IHS shares rose about 7%. Street's main indexes were set to finish the month up more than 10% as investors bet that progress in the development of a COVID-19 vaccine would fuel a swift economic rebound next year.
Prospects of a smooth handover of power to President-elect Joe Biden after weeks of legal challenges mounted by incumbent President Donald Trump have also aided the stock-market rally.
Biden and Vice President-elect Kamala Harris were set to receive their first classified presidential daily briefing on Monday, the first step toward the transfer of responsibility for the most sensitive intelligence to a new administration.
Shares of oil majors including Chevron Corp (NYSE: CVX ) CVX.N , Occidental (NYSE: OXY ) Petroleum OXY.N and ConocoPhillips (NYSE: COP ) COP.N were down between 1% and 2.4%, tracking a fall in crude prices on uncertainty about whether OPEC+ would agree to extend large output cuts at talks this week. O/R 07:02 a.m. ET, Dow E-minis 1YMcv1 were down 0.61%, S&P 500 E-minis EScv1 were down 0.41% and Nasdaq 100 E-minis NQcv1 were down 0.01%.
Macy's Inc (NYSE: M ) M.N , Walmart (NYSE: WMT ) Inc WMT.N and Best Buy Co Inc (NYSE: BBY ) BBY.N slipped between 0.2% and 1.9% as masked shoppers turned up in smaller numbers at major U.S. retailers on Black Friday as early online deals and concerns about a spike in COVID-19 cases dulled enthusiasm for trips to the mall. an explosion in COVID-19 infections and business restrictions this month that undermined the U.S. labor market recovery, focus will be on the monthly employment report and the Fed's Beige Book as well as an address by Fed Chair Jerome Powell before the Senate Banking Committee.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ S&P 500 set for its best November ever
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.