U.S. stock futures edged lower on Wednesday morning after the S&P 500 (SPX) fell for a third straight session yesterday, amid pressure on technology and artificial intelligence (AI) stocks. Futures on the Nasdaq 100 (NDX), the S&P 500, and the Dow Jones Industrial Average (DJIA) were down 0.15%, 0.10%, and 0.08%, respectively, as of 8:30 a.m. EST on December 31.
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During Tuesday’s regular trading, the S&P 500 slipped 0.14%, while the Nasdaq Composite fell 0.24%. The Dow also moved lower, ending the day with a decline of 0.20%. The recent pressure on U.S. stocks stands out as the final five trading days of the year, along with the first two days of the new year, are often linked to the so-called “Santa Claus” rally.
The U.S. stock market will be closed on Thursday for New Year’s Day.
Among trending stocks, Nike (NKE) shares were up 1.54% in Wednesday’s pre-market trading on news that CEO Elliott Hill bought about $1 million in shares of the athletic apparel and footwear company. Also, Nvidia (NVDA) scored a major win with ByteDance reportedly planning to spend around ¥100 billion ($14 billion) on the chip giant’s AI chips in 2026, up from about ¥85 billion in 2025, if Nvidia is permitted to sell its H200 GPUs in China.
Meanwhile, Taiwan Semiconductor Manufacturing Company (TSM) stock advanced 1% after Reuters reported that Nvidia approached TSMC to ramp up production of its H200 AI chips amid strong demand from Chinese companies.
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