On Wednesday, Nasdaq futures exhibited minimal fluctuations, following the previous day’s record closing high for the S&P 500. Markets will close early today and remain closed tomorrow in observance of Christmas. Futures for the Nasdaq 100 remained unchanged, while those linked to the S&P 500 and Dow Jones Industrial Average experienced slight declines. The U.S. stock market is scheduled to close at 1:00 p.m. today, whereas the bond market will conclude its trading at 2:00 p.m. Markets will observe a closure for Christmas tomorrow, resuming operations on Friday.
Yesterday, the tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow Jones Industrial Average concluded higher for a fourth consecutive session, once more propelled by technology shares, following the release of delayed third-quarter GDP figures that exceeded expectations. Tech stocks demonstrated robust performance yesterday, as shares of AI chip leader Nvidia rose by 3%, leading the Dow. Meanwhile, competitor Broadcom experienced a gain of 2.3%, and Amazon added 1.6% to its value. In premarket trading on Wednesday, Nvidia’s shares declined by 0.4%, while Broadcom and Amazon saw increases of 0.3% and 0.1%, respectively.
On Wednesday, gold and silver futures achieved unprecedented levels for the third consecutive day, reaching $4,555 and $72.75 per ounce, respectively. In recent trading, gold experienced an increase of 0.3%, reaching a value of $4,520, whereas silver saw a rise of 1.6%, now priced at $72.30. The 10-year Treasury yield, a key determinant of interest rates across various commercial and consumer loans, remained relatively stable from Tuesday’s closing value at 4.17%.
Bitcoin was trading at $87,400, reflecting a minor decline from its earlier peak of approximately $87,800 on Wednesday. The U.S. dollar index, which monitors the value of the greenback relative to a selection of foreign currencies, declined to 97.92. West Texas Intermediate futures, the U.S. crude oil benchmark, experienced an increase of 0.3%, reaching $58.55 per barrel.