Dow futures rose on Tuesday as the final trading days of 2022 began, and investors deliberated over whether a rising Santa Claus would emerge and lift a market saddled with recession fears.
Dow Jones industrial average futures rose 100 points, or 0.3%. S&P 500 futures advanced 0.16%, while Nasdaq 100 futures advanced 0.14%.
China-related stocks rose before being released to the market The country has relaxed covid restrictions. Tesla backed off On the news of the extended production haltWhile Southwest fell 4% as the airline canceled thousands of flights.
Stocks are heading for their worst annual performance since 2008 and another falling month. In December, the S&P 500 fell nearly 5.8%, while the Dow and Nasdaq fell about 4% and 8.5%, respectively. These are the largest monthly declines since September.
After a rough year consumed by inflation and recession fears, investors are hoping to end 2022 on a positive note. Friday began the period of Santa Claus gathering, which is It is usually considered the last five-day trading stretch of the current yearas well as the first two trading days of the new year.
Markets were closed on Monday for the Christmas holiday, but in this brief trading week, investors are expecting either relative calm or more volatility due to lower trading volumes.
On the economic front, traders should expect the latest data on November Wholesale Inventories and October S&P/Case-Shiller Home Prices on Tuesday before the bell.