(07 December 2020)DAILY MARKET BRIEF 1:S Stocks May Retreat on Monday

<p>US stocks are poised to retreat after the opening bell, as futures on the three benchmark indexes are declining slightly during the European morning on Monday. Last week, the three indices ended at record highs on the back of stimulus talks. Futures on the S&amp;P 500 and Dow Jones have lost over 0.25% while Nasdaq futures are down 0.08%. Equities managed to end Friday on a bullish note despite the disappointing nonfarm payrolls data, according to which the US saw 245,000 more jobs in November, while analysts expected the creation of 440,000 new jobs. The stock market rose on the premise that the downbeat labor market data would force Congress to reach consensus on fresh stimulus after months of debate.</p>