United States stock futures were up on Sunday evening (Monday AEDT) following last week’s technology-driven rebound, with markets seeking a rally in 2025’s final trading days.
S&P 500 futures were up 16 points to 6,903.25 by 10:45 am AEDT (11:45 pm GMT). Dow Jones futures rose 81 points to 48,546, and Nasdaq futures increased 73.75 points to 25,648.5.
The S&P 500 ended last week 0.1% higher, and the Nasdaq Composite was up 0.5%. The Dow fell by 0.7%.
Markets may be set for a rally in the final trading days of the year, despite the S&P 500 being down across December. “It appears the major indexes are currently in a sweet spot for a Santa Claus Rally to occur,” wrote Zacks Equity Research editor Mark Vickery on Friday.
The New York Stock Exchange will close at 1 pm (ET) on Christmas Eve, with no trading on Christmas Day.
Despite the shortened trading week, the U.S. will release its gross domestic product growth data on Christmas Eve. GDP growth will be 2.5% quarter-over-quarter, RBC Economics projects.
The U.S. will also report October and November industrial production and durable goods orders this week.
Last week, technology stocks rebounded from a slump, with Oracle shares up 6.6% and Nvidia shares rising 3.9% on Friday. The S&P 500 tech index added 2.0% that day.
Investors have been rotating away from artificial intelligence infrastructure companies with flagging operating earnings growth. The sector has also seen disappointing earnings forecasts from Broadcom and an exit from Oracle’s data centre financing partner in recent weeks.
“The combination of continued corporate AI adoption and growing concerns about the AI infrastructure complex has increased recent investor focus on the next beneficiaries of the ever-expanding AI trade,” per Goldman Sachs Research analyst Ryan Hammond.
