The last week of the year began with a slight rise in U.S. stock futures on Tuesday, as traders aimed to conclude 2023 on a positive note.
Futures linked to the Dow Jones Industrial Average experienced a 20-point increase. Similarly, S&P 500 futures and Nasdaq-100 futures saw gains of 0.1% and 0.2% respectively.
The U.S. markets remained closed on Monday due to the observance of the Christmas holiday.
Ahead of the holiday-shortened week, Wall Street held onto its momentum as the S&P 500 registered its eighth consecutive weekly advance, marking its longest winning streak since 2017. Additionally, the Dow and Nasdaq Composite also recorded eight weeks of consecutive gains.
The S&P 500 entered Tuesday’s session with the potential to reach record highs, as it remained only 0.9% below its previous closing all-time high of 4,796.56, set in January 2022. It was also just 1.3% away from its intraday record.
Source (CNBC)
