"At present I lean toward supporting a cut to the policy rate at our December meeting," Fed Governor Christopher Waller said on Monday.

Technology stocks pulled Wall Street to another record amid mixed trading. The S&P 500 rose 0.2% Monday after closing November at an all-time high. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite gained 1%.

Noting in a press release announcing the move that "Stellantis' success since its creation has been rooted in a perfect alignment between" shareholders, the company's board and its CEO, independent director Henri de Castries cited the recent emergence of "different views" that resulted in the board and the CEO parting ways.

U.S. stocks finished off their best month in a year on Friday, with the Dow and S&P 500 clinching fresh record closing highs to cap off a blockbuster November. The Russell 2000 finished Friday just shy of what would have been its first record close since November 2021.

Markets on Wall Street inched modestly lower before the opening bell on Monday as they kicked off the final month of 2024 hoping to match November's robust gains. Futures for the S&P 500 and the Dow Jones Industrial Average were each down less than 0.