U.S. stock futures were higher Sunday night ahead of a shortened holiday week, as investors watched to see if technology stocks can bounce back before the end of the year. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 0.34%, 0.15%, and 0.21%, respectively, at 7:48 p.m. EDT on December 21.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Wall Street ended last week on a mixed note. A late rally in tech stocks helped the S&P 500 post their third winning week in the past four. The S&P 500 edged up 0.1%, while the Nasdaq gained 0.5%.
Artificial intelligence stocks bounced back last week after recent weakness. Shares of Oracle Corporation (ORCL) jumped after it signed a deal to co-lead TikTok’s U.S. operations through a new joint venture. Nvidia (NVDA) also rebounded after reports said the White House may allow sales of its H200 AI chips to approved companies in China.
However, investors are watching whether AI stocks can keep their lead into year-end, as some money shifts into cheaper parts of the market amid concerns about high tech valuations.
The New York Stock Exchange will close early at 1 p.m. ET on Wednesday for Christmas Eve and will remain closed on Thursday for Christmas Day.
Stay ahead of macro events with our up-to-the-minute Economic Calendar — filter by impact, country, and more.