As of 4:00 a.m. ET, Dow Jones Industrial Average futures were 74 points higher, or 0.41% to 17786.
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The broad-based S&P 500 gained 10.03 (0.48 per cent) at 2,090.44, while the tech-rich Nasdaq Composite Index advanced 20.41 (0.41 per cent) to 5,129.07.
Share prices fell on the heels of the Black Friday holiday shopping weekend. Initial data from the first holiday shopping weekend showed shoppers were not going to stores as much as previous year.
The S&P’s consumer discretionary-company index lost 0.4%.
Trading was quiet, he said, and the broader market was holding up despite negative sentiment.
It would be the first rate rise stateside for almost a decade.
Today, investors have an eye on manufacturing data out of Chicago and home sales figures, which are expected to decline and increase respectively. The report may show that US employers added 205,000 jobs in November, while the unemployment is expected to remain unchanged at 5%.
Technology stocks pushed higher Monday.
Computer software giant Microsoft (NASDAQ:MSFT) shares added a half percent as it plans to expand its services for businesses. Amazon’s shares fell 1.3% Monday, while Under Armour shares (UA) lost 3.9%. The yield on the 10-year Treasury note edged down to 2.21%.
This week could be volatile for markets, with a policy meeting at the European Central Bank on Thursday and speeches by Fed Chairwoman Janet Yellen on the docket.
“The week started off with some modest losses, with European markets influenced by yet another hard session in Asia, where China stocks are still in retreat”, said Chris Beauchamp at IG Index.
At 3:22 p.m.in NY, all three benchmark indexes were down 0.3%.
Japan’s Nikkei Stock Average and Australia’s S&P/ASX 200 were both down 0.7%.
See: November jobs report likely to give Fed go-ahead to raise interest rates (http://www.marketwatch.com/story/november-jobs-report-likely-to-give-fed-go-ahead-to-raise-interest-rates-2015-11-29). The euro fell 0.3% against the dollar at $1.0565, while the dollar was up 0.4% against the yen at Yen123.250.
Construction spending in the US rose 1% in October, double the increase analysts had expected.
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Crude oil futures turned lower after briefly trading above $42 (http://www.marketwatch.com/story/oil-prices-rise-as- opec-meeting-draws-closer-2015-12-01) a barrel as the meeting of the Organization of the Petroleum Exporting Countries meeting this Friday in Vienna drew closer. The Utilities sector was the laggard, declining 2%.
