Traders work on the floor of the New York Stock Exchange on December 17, 2025 in New York City, USA.
Brendan McDiarmid | Reuters
U.S. stock futures rose Sunday night ahead of a shortened holiday week as traders weighed whether the tech industry could regain footing by the end of the year.
Dow Jones Industrial Average futures rose 83 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures rose 0.2% and 0.3%, respectively.
Wall Street is coming off a mixed week for the major averages. The S&P 500 and Nasdaq Composite Index rose 0.1% and 0.5%, respectively, on the back of gains in tech stocks late in the week, marking their third winning week in four weeks. The Dow 30 stocks, which have been outperforming this month, fell 0.7%, ending a three-week winning streak.
Artificial intelligence stocks rebounded last week after a recent underperformance. Shares in major laggard Oracle soared after TikTok agreed to sell its U.S. operations to a new joint venture that includes the software giant and private equity firm Silver Lake. Nvidia has also made a comeback.
But investors will be watching to see whether AI stocks can maintain their leadership into the end of the year, as investors shift to cheaper parts of the market amid concerns about soaring valuations, especially among tech companies. There are also questions about whether a “Santa Claus Rally” will materialize, as the S&P 500 struggles to maintain key technical levels.
“My view a few weeks ago was that the end of the year was going to be tough,” said Justin Bergner, portfolio manager at Gabelli Funds. “And I think that’s what makes it so hectic at the end of the year.”
The New York Stock Exchange will close early on Wednesday, Christmas Eve, at 1:00 p.m. Eastern Time, and will be closed on Thursday for Christmas Day.
