Wall Street futures are slightly down this morning ahead of a holiday-shortened trading session. The S&P 500 and Nasdaq 100 futures are both in the red. In yesterday’s trading, major indexes closed higher, with the S&P 500 hitting a new record. Chip stocks like Nvidia and Marvell Technology led gainers. On the economic front, U.S. Q3 GDP growth exceeded expectations, while consumer confidence fell in December. Money markets are pricing in possible rate cuts in 2026. The Santa Claus Rally period begins today. In Asia, Chinese stocks rose, while Japan’s Nikkei closed lower. Pre-market movers include Dynavax and UiPath.

Read more at Barchart: Stock Index Futures Dip in Thin Pre-Christmas Trade, U.S. Jobless Claims Data on Tap