US stock futures rise ahead of last trading week of 2022

U.S. stock futures rose late Monday, ahead of the final trading week of 2022.

Futures contracts Dow Jones Industrial Average YM00,
gained more than 150 points, or 0.5%, as of 11 p.m. ET. S&P 500 ES00 futures contracts,
and Nasdaq-100 NQ00 futures,
also posted solid gains, indicating positive market moves when regular trading resumes on Tuesday following the three-day Christmas holiday.

Oil prices increased CL.1,
such as the DXY US Dollar Index,

Last week, the Dow Jones gained nearly 1%, while the S&P 500 and Nasdaq fell for a third consecutive week.

See more : What to expect for the stock market in 2023 after the biggest drop since the financial crisis

On Friday, the Dow Jones Industrial Average DJIA,
rose 176.44 points, or 0.5%, to close at 33,203.93. The S&P 500 SPX,
gained 22.43 points, or 0.6%, ending at 3,844.82, for a weekly decline of 0.2%. The Nasdaq Composite COMP,
closed at 10,497.86, up 6.85 points, or 0.4%. For the week, the Nasdaq fell 1.9%.

Friday marked the start of the so-called Santa Claus rally period – the last five trading days of the calendar year and the first two trading days of the new year. This stretch has, on average, produced gains for stocks, but failure to do so is often interpreted as a negative indicator.

Read more: How a Santa Claus rally, or lack thereof, sets the stage for the stock market in the first quarter


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