Traders on the floor of the New York Stock Exchange were in high spirits on Monday, as U.S. stock futures experienced a notable uptick, buoyed by a surge in technology shares. As the market opened for a shortened holiday week, S&P 500 futures climbed 0.4%, with Nasdaq-100 futures following closely with a 0.7% increase. Dow Jones Industrial Average futures also rose by 71 points, representing a 0.2% gain.
The positive market sentiment was significantly influenced by key stocks tied to the artificial intelligence sector. Nvidia, a leading player in the chip manufacturing arena, saw its shares soar almost 2% in premarket trading after reports surfaced indicating the company aims to begin shipments of its H200 chips to China by mid-February. Concurrently, Micron Technology and Oracle reported impressive gains of nearly 4% and over 2%, respectively, further contributing to the overall market momentum.
Wall Street wrapped up a mixed week for major stock averages, marked by a late surge in tech stocks that propelled both the S&P 500 and Nasdaq Composite to their third consecutive winning week, with increases of 0.1% and 0.5%. In contrast, the 30-stock Dow, which had been outperforming earlier in the month, slipped by 0.7%, ending a three-week winning streak.
AI stocks experienced a bounce-back after a period of underperformance, especially with Oracle’s shares rebounding following TikTok’s announcement to sell its U.S. operations to a new joint venture including Oracle and private-equity firm Silver Lake. Nvidia’s resurgence also contributed to the sector’s growing strength. However, as the year draws to a close, investors remain cautious, closely monitoring whether these AI stocks can maintain their leadership amidst concerns regarding inflated tech valuations. There is skepticism regarding the potential for a “Santa Claus rally” as the S&P 500 struggles to maintain a crucial technical level.
“My view a couple of weeks ago was an end of year grind,” remarked Justin Bergner, portfolio manager at Gabelli Funds. “And I think that’s become an end of year churn,” indicating a sense of uncertainty in the market’s direction as the year-end approaches.
As the holiday season progresses, the New York Stock Exchange is set to close early on Wednesday at 1 p.m. ET in observance of Christmas Eve and will remain closed on Thursday for Christmas Day. Investors are advised to keep a close eye on market trends and developments in the technology sector during this festive period, as key economic indicators and market dynamics will continue to shape investor sentiment heading into the new year.
This evolving landscape calls for vigilance among investors, particularly those focused on AI stocks and broader market trends, as sentiments fluctuate and opportunities emerge in the lead-up to year-end trading.
Original Source: https://www.cnbc.com/2025/12/21/stock-market-today-live-updates.html
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Publish Date: 2025-12-22 19:39:00
