WOR - Nasdaq S&P 500 Futures Bounce Higher As Santa Claus Rally Awaits: Analyst Says December Typically 'Second-Half Story' | Benzinga
Index futures are gaining momentum on Tuesday, signaling an acceleration upward as the “Santa Claus” rally takes hold. Adding to the positive sentiment is an early Christmas gift from the Bank of Japan, which has maintained its ultra-loose monetary policy. Traders will also be navigating through earnings reports and housing starts data as potential catalysts.
Bond yields remain subdued, and crude oil continues its fluctuating trajectory.
Highlights from Monday's Trading:
- U.S. stocks maintained mostly positive momentum, with the Nasdaq Composite and the S&P 500 Index finishing notably higher. The S&P 500 closed at its highest level since Jan. 4, 2022, and the Nasdaq Composite reached its highest point since Jan. 12, 2022.
- The Dow Industrials closed flat but with a slight upward bias, achieving another record closing high. Small-cap stocks experienced some volatility during the session.
- Investors, anticipating rate cuts in the new year, have seen a resurgence in risk appetite, driving increased buying interest.
- Within S&P sector classes, communication services and consumer staple stocks showed significant gains, while most others traded with muted activity.
US Index Performance On Monday
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