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Stocks Decline Pre-Bell Following Christmas Holiday; Asia Strong, Europe Mixed
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Stocks Decline Pre-Bell Following Christmas Holiday; Asia Strong, Europe Mixed
Dec 26, 2024 4:39 AM

07:17 AM EST, 12/26/2024 (MT Newswires) -- The main US stock measures were tracking in the red before the opening bell Thursday as markets resume trading following the Christmas holiday.

Standard & Poor's 500, the Dow Jones Industrial Average and the Nasdaq declined 0.4% each in premarket activity. Asian exchanges were pointing higher, while European bourses were mixed midday on the continent.

US markets were closed on Wednesday for Christmas.

Shares of Nvidia ( NVDA ) ticked down 1% pre-bell while GameStop ( GME ) gained 2.8%. American Airlines ( AAL ) decreased 0.7% while coffee giant Starbucks ( SBUX ) edged 0.2% lower. Palantir ( PLTR ) shares increased 1.2%.

On the economic calendar, the weekly jobless claims bulletin is out at 8:30 am ET. The weekly EIA domestic petroleum inventories report and the Federal Reserve Bank of Atlanta's Survey of Business Uncertainty for December post at 11 am.

In premarket activity, bitcoin dropped 3.5% to $95,593, West Texas Intermediate crude oil inclined 0.6% to $70.52 a barrel, yields on 10-year Treasuries advanced 3.6 basis points to 4.62% and gold rose 0.3% to $2,645 an ounce.

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