U. S. stocks rose on Tuesday morning, putting markets on track for a day to end a year of stellar gains.
The slight rebound reverses a three-day stretch of losses that hit markets amid growing uncertainty about 2025. Questions concerning interest rates, government policy, and the tech rally’s sustainability have caused stocks to struggle in what’s historically a strong stretch for the market between Christmas and the first few trading days of the new year.
Some have warned that the jitters could last until early 2025, even if the uptrend continues.
Regardless, the S&P 500 is about to close its second year in a row with a gain of more than 20%. Rising excitement for artificial intelligence, paired with positive macro data and solid earnings growth, have propelled indexes through a string of record highs throughout 2024.
Given the shortened week, the bond market will close early on Tuesday. Bond and stock markets will be closed on Wednesday for New Year’s Day.
For this week’s economic data, investors will be watching the first jobless claims on Thursday, followed by the ISM production data on Friday.
Here’s where US indexes stood at the 9:30 a.m. opening bell on Tuesday:
Here’s what else is happening:
In commodities, bonds and cryptocurrencies:
Bitcoin rose 1. 22% to $95,589.