Skip to content US Stock Futures Rise – December 26-2023
On Tuesday, US stock futures went up a bit. This was the start of a shorter week because of a holiday. The Dow, S&P 500, and Nasdaq 100 futures increased by at least 0.1%. The main averages had been going up for eight weeks. But they stopped because prices were not going up as fast.
This made people think that interest rates would be cut early and a lot next year. The core PCE index is what the Federal Reserve uses to measure inflation. It went down to 3.2% in November from 3.4% in October. This was lower than the forecast of 3.3%. Last week, the Dow went up 0.22%. The S&P 500 went up 0.75%. The Nasdaq Composite went up 1.21%. Ten of the 11 S&P sectors ended higher.
The ones that went up the most were communication services, materials, and energy. In other news, Nike’s stock went down 11.8% on Friday. This was the biggest it had gone down in more than a year. This happened after Nike said it expected to sell less and that it was going to cut costs.
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