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US STOCKS-Wall St futures ease as strong holiday-shortened week draws to a close
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US STOCKS-Wall St futures ease as strong holiday-shortened week draws to a close
Dec 27, 2024 2:53 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

*

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)

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