Stock market today: Nasdaq, S&P 500 futures edge higher ahead of Christmas break
Published On Dec 24, 2024, 7:42 AM
U.S. stock futures are indicating a slight upward movement ahead of a shortened trading session before the Christmas holiday. Futures for the S&P 500 rose by 0.1% and the Nasdaq by 0.2%, while the Dow Jones Industrial Average futures remained relatively stable. This optimism follows a period of gains in major tech stocks, particularly Nvidia, which has significantly contributed to recent market rallies. Investors are also recalibrating their outlook on interest rates, with expectations for the Federal Reserve potentially keeping rates steady in early 2025 after previously experiencing a volatile week due to inflation concerns.
Stock Forecasts
NVDA
Positive
Given the recent uptick in tech stocks and a favorable outlook on interest rate stability, there's potential for continued growth in the near term, particularly for major tech companies like Nvidia.
SPY
Positive
As the S&P 500 and Nasdaq have shown resilience in recent trading days, this momentum may suggest a positive outlook for ETFs tracking these indices.
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