Stock Market Today: Dow futures fall though indexes may still end higher for the holiday week
How are stock-index futures trading:
Dow Jones Industrial Average futures fell 120 points, or 0.27%, to 43,582
S&P 500 futures fell 19.5 points, or 0.32%, to 6,075
Nasdaq 100 futures fell 79 points, or 0.36%, to 21,929
On Thursday, the Dow Jones Industrial Average rose 29 points, or 0.07%, to 43,326, the S&P 500 declined 2 points, or 0.04%, to 6,038, and the Nasdaq Composite dropped 11 points, or 0.05%, to 20,020.
Stock-index futures fell on Friday after markets reopened yesterday from being closed for 1½ trading sessions for Christmas. Markets have now entered the ‘Santa Claus rally’ period in which the S&P 500 index has, on average, posted gains of 1.29% in the period running from Dec. 24 to Jan. 3 in the years since 1950.
The Dow Jones Industrial Average, Nasdaq 100, and S&P 500 indexes are currently all still on track to finish the Christmas week higher, even though stock futures were down on Friday morning, with investors expecting markets will remain relatively composed through to the end of 2024.
In terms of data, investors will be watching for new releases from the U.S. Census Bureau including its Nov. Advanced U.S. trade balance in goods, Advanced retail inventories, and Advanced wholesale inventories reports.