Stock futures are little changed after positive start to the holiday trading week: Live updates
Published On Dec 23, 2024, 6:02 PM
U.S. stock futures were little changed as the market began a holiday-shortened trading week. Major indices like the S&P 500 and Nasdaq saw slight gains, supported by strong performances from tech stocks such as Meta Platforms and Broadcom. Economic data reflected weakening consumer confidence and a decline in durable goods orders, suggesting economic challenges. Despite this, some are optimistic about a 'Santa Claus rally,' but expect limited upside in the near term, with projections for moderate increases in the S&P 500. Overall market sentiment remains cautious ahead of the upcoming holidays.
Stock Forecasts
META
Positive
Recent gains in technology stocks like Meta and Broadcom signal positive momentum in the tech sector, potentially making them strong investment options.
AVGO
Positive
Broadcom's significant rise indicates strong demand and competitive positioning in the semiconductor space, supporting a bullish outlook.
XRX
Positive
Xerox's announcement of acquiring Lexmark is likely to enhance its portfolio and could create value for shareholders, indicating a positive shift.
HMC
Neutral
Honda and Nissan's merger talks could create synergies for both companies, although uncertainty may linger in the automotive sector.
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