Dow futures dip, volume to return after Thanksgiving holidays

Investing.com - US stock futures were trading slightly lower during Sunday's evening trade, after major benchmark averages closed their fourth consecutive week of gains.

By 6:30 pm GMT (11:30 pm GMT) Dow Jones Futures and S&P 500 Futures were down by 0.1% apiece while Nasdaq 100 Futures lost 0.2%.

In the week ahead, market participants will be closely monitoring building permits, new home sales, house price index, CB consumer confidence, GDP, PCE price index, personal income and spending, jobless claims, pending home sales, and manufacturing PMI data, as well as speeches from Waller, Bowman, Barr, Mester, Goolsbee and Powell.

Wall Street is riding on the momentum of a four-week winning streak for all three major averages. This rally has been fueled by the 10-year Treasury yield's retreat from the 5% threshold it briefly surpassed in late October.

However, the rally comes amidst cautionary signals from some US retailers about a potential slowdown in consumer spending. Market traders are also keenly awaiting economic updates on the commencement of the holiday shopping season following Black Friday.

On the bond markets, United States 10-Year rates were at 4.492% while 2-year yields were at 4.955%.