Financials lead Wall Street higher, Dow hits record
Credit: Reuters/Brendan McDermid
A trader works on the floor of the New York Stock Exchange December 4, 2014.
* U.S. employment growth likely accelerated a bit in November, but wage gains probably remained tepid, leaving room for the Federal Reserve to hold interest rates near zero well into next year. Non-farm payrolls are seen up by 230,000 jobs last month, according to a Reuters survey of economists. Seasonal hiring is, however, a wild card.
* Data on durable goods and factory orders are both due shortly after trading begins on Wall Street.
* The Dow and S&P 500 hit record highs earlier this week and are on track for a seventh week of gains, a streak not seen in a year for both indexes. The Nasdaq Composite is slightly lower so far this week.
* American Eagle Outfitters (AEO.N) shares fell 6.6 percent in premarket trading after the teen apparel retailer forecast a current-quarter profit below analysts' estimates and reported its fifth straight drop in quarterly income.
* Crude futures prices fell to near five-year lows Monday, which could continue to pressure stocks in the energy sector.
Futures snapshot at 7:31 a.m. EST (1231 GMT):
* S&P 500 e-minis ESc1 were up 1.5 points, or 0.07 percent, with 72,314 contracts changing hands.
* Nasdaq 100 e-minis NQc1 were up 5.25 points, or 0.12 percent, in volume of 11,216 contracts.
* Dow e-minis 1YMc1 were up 24 points, or 0.13 percent, with 12,861 contracts changing hands.
(Editing by Bernadette Baum)
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