US stock futures edged up Sunday as investors look to a holiday-shortened week for potential gains. The Dow Jones Industrial Average’s futures gained about 100 points, while S&P 500 futures rose 0.3% and Nasdaq 100 futures climbed 0.4%. Trading is expected to be muted due to the early Christmas Eve closure and shutdown on December 25.
A “Santa Claus rally” may help the market end 2024 strong, especially after a tumultuous week. Historically, the S&P 500 has added 1.3% in its last five trading days of the year, and the first two in January. The second half of December is often the strongest period for US equities, with the S&P 500 up 83% of the time in presidential election years.
Despite a rollercoaster ride marked by a 10-day losing streak on the Dow, investors remain hopeful. President Joe Biden signed a government funding bill on Saturday to avoid a government shutdown, providing some positive news for the market. European shares also gained Monday, with the Stoxx 600 up 0.2% ahead of planned Christmas closures later this week.
Source: https://www.cnbc.com/2024/12/22/stock-market-today-live-updates.html