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Futures down: Dow 0.27%, S&P 500 0.36%, Nasdaq 0.42%
Dec 27 (Reuters) - U.S. stock index futures fell on
Friday at the end of an upbeat holiday-shortened week for Wall
Street's main indexes that was driven by expectations around a
traditionally strong period for markets.
The Dow closed higher for the sixth consecutive
session on Thursday in thin year-end trading, while higher U.S.
Treasury yields weighed on some heavyweight tech and growth
stocks.
At 05:09 a.m. ET on Friday, Dow E-minis were down
119 points, or 0.27%, and S&P 500 E-minis were down 22
points, or 0.36%.
Futures tracking the tech-laden Nasdaq 100 were down
92.25 points, or 0.42%, as Nvidia ( NVDA ) dropped 0.8% in
premarket trading and Tesla shed 1.4%.
The S&P 500 has recouped most of last week's losses
that stemmed from the U.S. Federal Reserve projecting fewer
interest rate cuts in 2025 and hurting risk appetite.
The benchmark index is now eyeing its best week in seven,
and is about 1% below its all-time high of 6,099.97 points
clinched on Dec. 6.
With three sessions left to close out the year, investors
are hoping for new all-time highs in the stock-buying season
called the "Santa Claus rally" - the last five sessions of
December and the first two of January.
Since 1969, the S&P 500 has climbed 1.3% on average in the
seven-day trading period, according to the Stock Trader's
Almanac.
Trading volume in this holiday-shortened week has been below
the average of the last six months and is likely to remain
subdued until Jan. 6. The next major focus for markets will be
the December employments report due on Jan. 10.
(Reporting by Medha Singh in Bengaluru; Editing by Devika
Syamnath)