US stock futures rise ahead of Christmas break, stabilized by tech stock gains.

From Investing.com: 2024-12-24 05:22:41

US stock index futures traded higher in thin trading ahead of Christmas, stabilizing after gains from tech stocks. NYSE closes early for Christmas Eve. Wall Street closed higher Monday led by semiconductor surge. Tech megacaps like Nvidia and Tesla rose substantially. Fed-induced slump recovers as Fed signals cautious approach to rate cuts. Clients continue buying US equities, with $10 billion inflows. Crude prices edge higher ahead of Christmas break. US crude futures at $69.64, Brent at $72.75. Concerns over slowing demand in China and potential supply glut in 2025 persist. Oil markets on edge over US production and OPEC plans. US inventory data from EIA due later in session.



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