Record Cyber Monday spending, Shein IPO filing reports - what's moving markets

investing.com:

Investing.com -- U.S. stock futures oscillate around the flatline following a dip in the prior session, but equities remain on track to post November gains. Investors are also eyeing a potentially record-breaking amount of spending by American consumers on Cyber Monday. Elsewhere, reports say fast-fashion retailer Shein has confidentially filed for a U.S. listing, in what could be a boon for the stagnant IPO market.

1. Futures mostly muted

U.S. stock futures were mixed on Tuesday after equities in New York started off the new week in the red.

By 04:58 ET (09:58 GMT), the Dow futures contract and S&P 500 futures were both mostly unchanged, while Nasdaq 100 futures had dipped by 24 points or 0.2%.

The main indices on Wall Street dropped on Monday, marking a slight retreat as the end of what has been a mostly positive November for stocks approaches. The 30-stock Dow Jones Industrial Average and benchmark S&P 500 both declined by 0.2%, while the tech-heavy Nasdaq Composite moved down by 0.1%. However, all of them remain on track to finish higher for the month.

Markets were paying close attention to Cyber Monday. Investors are on the lookout for any cues about the spending habits of U.S. consumers heading into the key holiday shopping season, which could help clarify the path ahead for Federal Reserve interest rate policy in the coming months.

2. Cyber Monday spending expected to soar to record high — reports

Spending by American consumers is expected to have surged to an all-time high of over $12 billion on Cyber Monday, according to preliminary estimates from Adobe (NASDAQ:ADBE) Digital Insights cited by Reuters.

Expenditures on Cyber Monday, when many retailers unveil online sales, was already anticipated to break