MARKET SNAPSHOT: Dow Resumes Record Run After Taking A Breather

JOLTS release and Fed's Kashkari on tap after the opening bell

U.S. stock benchmarks on Tuesday opened modestly higher, setting a series of intraday records and helping the Dow industrials resume a record-setting run that has left it up 27% over the past year.

What are the main benchmarks doing?

Dow Jones Industrial Average tacked on 64 points, or 0.3%, to 25,346, while S&P 500 index gained 5 points, or 0.2%, to 2,752. Nasdaq Composite Index added 9 points, or 0.1%, to 7,166.

On Monday, the Dow edged back by less than 0.1% from Friday's record close (, while the S&P 500 and Nasdaq both finished at fresh all-time highs.

The three equity benchmarks have gained between 21% and 29% over the past 12 months, supported by factors such an expanding global economy, growth in corporate profits and enthusiasm over the Trump administration's tax cuts.

What could drive markets?

The upbeat sentiment that has kept the 2017 global stock rally running into the new year still has a grip on the market. Fresh data out Tuesday could give a lift to or dampen that enthusiasm.

A December figure for small-business confidence showed a dip to wrap up the strongest year on record ( At 10 a.m. Eastern Time, a November report on job openings and labor turnover is due to arrive.

Check out:MarketWatch's Economic Calendar (

On the Federal Reserve front, Minneapolis Fed President Neel Kashkari is slated to take part in a panel discussion at 10 a.m. Eastern at the suburban Minneapolis headquarters of conglomerate Cargill Inc.

What are strategists saying?

"There is very little for markets to be taking too much notice of in the economic calendar today. The only real interest comes in the U.S. JOLTS jobs openings," said Richard Perry, a Hantec Markets analyst, in a note Tuesday.

Which stocks look like key movers?

Shares in Target Corp.(TGT) jumped 3.2%BABVA after the retailer raised its fiscal fourth-quarter profit outlook, citing stronger-than-expected holiday sales (

Alibaba Group Holding Ltd.'s stock (BABA) traded 0.1% lower after the Chinese e-commerce giant's founder, Jack Ma, promised to consider listing in Hong Kong (

Shares in Intel Corp.(INTC) traded flat after CEO Brian Krzanich delivered a speech at CES late Monday. He detailed advances in virtual reality and other technologies, while also addressing the dark cloud hanging over chip makers (

What are other assets doing?

European stocks ( were gaining ground, and most Asian markets closed higher ( Oil futures ( added to their recent advance, but gold futures were pulling back. The ICE U.S. Dollar Index was modestly higher.

(END) Dow Jones Newswires

January 09, 2018 09:41 ET (14:41 GMT)