Stock futures are little changed after positive start to the holiday trading week: Live updates

U.S. banal futures were comparatively unchanged Monday nighttime aft each 3 large averages kicked disconnected the holiday-shortened trading week successful the green.

S&P 500 futures roseate astir 0.1%, portion Nasdaq 100 futures traded astir the flatline. Futures tied to the Dow Jones Industrial Average besides precocious 34 points, oregon astir 0.1%.

This comes amid what is expected to beryllium a much toned-down week for trading activity. On Tuesday, the New York Stock Exchange closes aboriginal astatine 1 p.m. ET for Christmas Eve, portion the enslaved marketplace closes astatine 2 p.m. The marketplace is besides closed connected Wednesday for Christmas Day.

Monday was a comparatively sparse time of trading, with the S&P 500 rising astir 0.7% and the Nasdaq Composite closing astir 1% higher. The 30-stock Dow besides finished up astir 0.2%.

Tech names and semiconductors were among the large winners of the day, lifting the S&P 500 and the Nasdaq. Meta Platforms jumped much than 2% and Broadcom precocious much than 5%, portion Nvidia roseate 3.7%.

Elsewhere, Honda and Xerox each finished the league much than 12% higher. The Japanese automaker announced it has entered into authoritative merger talks with chap Japanese automaker Nissan. Xerox said it is going to bargain printer shaper Lexmark successful a woody valued astatine $1.5 billion.

That said, the time was inactive affected by anemic economical data. The Conference Board's user assurance scale fell to 104.7 successful December. The speechmaking missed the Dow Jones estimation of 113.0 and marked the index's lowest level since September's reading of 98.7. Additionally, orders for durable goods fell 1.1% successful November, which is the largest month-over-month diminution since June.

Frost up for the Santa Claus rally?

With fewer trading days successful store, immoderate investors are hoping for a Santa Claus rally to reason what has already been a beardown twelvemonth for the market. And that's not wholly retired of the ordinary. According to the Stock Trader's Almanac, the S&P 500 has gained 1.3% connected average betwixt the past 5 trading days of the twelvemonth and the archetypal 2 successful January, dating backmost to 1969.

But Jay Hatfield of Infrastructure Capital Advisors is calling for a spot of a stall successful the marketplace implicit the coming days. He is sticking with his year-end 2024 S&P 500 people of 6,000, which implies lone a 0.4% summation for the wide marketplace scale from Monday's close.

"We mightiness get a Santa Claus rally, but those aren't that almighty [of] rallies," the firm's CEO told CNBC. "We're neutral connected the market."