Stock futures rise slightly to begin 2025 after S&P 500 notches back-to-back annual 20%-plus gains
Published On Jan 1, 2025, 6:03 PM
Stock futures are slightly up as trading begins in 2025, buoyed by hopes for continued market momentum after strong gains in 2023 and 2024. The S&P 500 finished last year up 23%, while the Dow gained nearly 13%. However, recent profit-taking from big tech stocks like Nvidia and Apple may temper early trading. Additionally, concerns have arisen due to a tragic incident in New Orleans being investigated as a potential terror attack. Investors are awaiting jobless claims data that could provide further insights into the job market.
Stock Forecasts
SPY
Positive
The stock market is showing a positive outlook due to the continued strength from large-cap technology stocks and overall market momentum from the past two years. However, recent profit-taking might lead to volatility in the short term.
SPXU
Negative
Given the current market conditions and historical performance predictions for the early trading period of the new year, the S&P 500 ETF is expected to maintain upward pressure as long-term growth sentiment remains strong.
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