From Nasdaq: 2024-12-31 08:47:16

Stocks are expected to open higher today after two days of losses, with S&P 500 futures up by 0.3 percent. Traders are looking to buy stocks at lower levels, boosting portfolios for the end of the year. Despite recent declines, the Nasdaq is up nearly 30 percent for the year, the Dow has surged by 13 percent, and the S&P 500 is on track for a second consecutive yearly gain of more than 20 percent. Trading activity is likely to slow as traders prepare for New Year’s Eve celebrations.

Following Monday’s losses, global stock markets are mixed, with China’s Shanghai Composite Index down 1.6 percent and Australia’s S&P/ASX 200 Index falling 0.9 percent. European markets are mostly higher, with the French CAC 40 Index up 0.9 percent and the U.K.’s FTSE 100 Index climbing 0.6 percent.

In commodities, crude oil futures are up to $71.05 a barrel, while gold futures are at $2,627.40 an ounce. The U.S. dollar is trading at 156.90 yen and $1.0395 against the euro.



Read more at Nasdaq: U.S. Stocks May Regain Ground Going Into New Year