Stock futures are little changed as Wall Street readies for the final trading week of 2024: Live updates
Published On Dec 29, 2024, 6:10 PM
Stock futures showed little movement as Wall Street prepared for the final trading week of 2024. Futures for major indices like the Dow Jones Industrial Average were flat, while the S&P 500 and Nasdaq-100 saw slight increases. Overall, the major indexes are performing well this year, with the S&P 500 and Dow increasing by over 25% and 14%, respectively, marking the best year since 2021. Investors are optimistic about a potential 'Santa Claus Rally', a phenomenon where stocks tend to rise in the last five trading days of the year and the first two of January, with the S&P 500 traditionally averaging a 1.3% increase during this period.
Stock Forecasts
SPY
Positive
Given the strong performance of the stock indexes throughout the year, it is likely that investor sentiment remains bullish as we head toward the new year. Any signs of a Santa Claus Rally could mean further growth in the coming sessions. However, being cautious is essential, as any unexpected economic data could affect market sentiment.
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