Markets Mixed Ahead of Holiday; Santa Claus Rally Begins

U.S. stock futures hint at a slight dip today, ahead of a holiday-shortened trading day. Markets will close early at one p.m. Eastern Time and remain shut on Thursday for Christmas. Yesterday, Wall Street closed with gains, as the S&P 500 hit a new high. Nvidia, Amazon, Marvell, and Broadcom led the charge, while ZIM surged on acquisition news. Economic data showed robust growth, with third quarter GDP growth beating forecasts and industrial production rising. Consumer confidence slipped but is expected to boost corporate earnings in 2026. The Santa Claus Rally begins today, with the S&P 500 averaging a 1.3% gain since 1950. Investors await initial jobless claims and earnings from UiPath, Nike, and Intel. Asian markets ended mixed, with Chinas Shanghai Composite up for the sixth straight day. Yields on the ten-year Treasury eased to 4.16%.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.