Europe Asia News

Dow Jones Industrial Average futures added 83 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures rose 0.2% and 0.3%, respectively.

After a mixed week for the major indexes, gains in tech stocks on Wall Street helped the S&P 500 and the Nasdaq Composite notch their third winning week in the past four, rising 0.1% and 0.5%, respectively. The Dow, made up of 30 stocks and strong this month, fell 0.7%, snapping a three-week winning streak.

AI-related stocks turned higher again last week after recent underperformance. After TikTok agreed to sell its US operations to a new joint venture that includes the software giant and private-equity firm Silver Lake, Oracle shares jumped, and Nvidia also rebounded.

However, investors are watching whether AI stocks can maintain their leadership through year-end, as they rotate into cheaper market segments, particularly amid concerns about elevated tech valuations. Doubts also remain over whether a “Santa Claus rally” will materialize, as the S&P 500 has struggled to hold an important technical level.

The New York Stock Exchange will close early at 1:00 p.m. on Wednesday, Christmas Eve, and will be closed on Thursday, Christmas Day. As the new year approaches, attention is on Wall Street, with many wondering whether the much-anticipated Santa Claus rally will take place.