S&P 500 futures are little changed after benchmark notches best month of the year: Live

S&P 500 futures are slightly lower Monday morning as investors looked toward the final month of trading this year.

S&P 500 futures were trading near flat, while futures tied to the Dow Jones Industrial Average slipped 31 points. Nasdaq 100 futures added less than 0.2%.

Shares of Tesla gained 2% in premarket trading following an upgrade to buy from neutral at Roth MKM, with the firm citing as a catalyst Musk’s close relationship with President-elect Donald Trump. Bitcoin, which traded near $99,000 on Friday, retreated to around $95,000 on Monday as investors were in a bit of a risk-off mood to start the month.

Those moves follow a winning week and month for stocks. Much of November trading was centered on a postelection rally after President-elect Donald Trump emerged as the winner.

November marked the best month of 2024 for both the Dow and S&P 500, with the two gaining 7.5% and 5.7% respectively. Both of the indexes also notched new all-time intraday and closing highs in Friday’s shortened trading session. The Dow briefly traded above 45,000 for the first time ever in the session.

Small-cap stocks were also a winner in November as investors saw the group benefiting from Trump’s potential tax cuts. The Russell 2000 surged more than 10% in the month, also notching its biggest monthly gain of the year.

Investors will watch on Monday for economic data on manufacturing and construction spending. That comes ahead of a series of closely watched labor data due later in the week.

They’ll also monitor speeches expected from Federal Reserve Governor Christopher Waller and New York Fed President John Williams.