U.S. Stocks Shake in Final Week of 2024

U.S. stock futures were marginally lower on Monday in anticipation of the final trading sessions of 2024.  This week marks a light period for economic data because markets will be closed on Wednesday in honor of New Year’s Day. Data on pending U.S. home sales and the Chicago PMI are due today

indices

The S&P 500 and the Dow Jones Industrial Average futures were also down in the London trading session. Nasdaq-100 futures stayed relatively unchanged.

The major averages are ending the year just short of record highs with Nasdaq, Dow, and S&P 500 up more than 31%, 14%, and 25% respectively, and on track for the best year since 2021.

The benchmarks are also expected to have a successful fourth quarter, as the Nasdaq is on track to record its longest winning streak since the second quarter of 2021. A Santa Claus rally is what investors hope will happen as stocks continue to rise into the end of the year and the beginning of the next one.

Meanwhile, the European markets began the day with a slight decline in the last full trading day of 2024.  European markets will close early on Tuesday for New Year’s Eve. , will also be closed on Wednesday for the New Year’s Day holiday.

 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Olumide Adesina
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments