U.S. stock futures swung between gains and losses on Tuesday after Monday’s declines. Futures of major benchmark indices were mixed.
The Santa Claus rally, which began on Dec. 24 last week, seems to have resumed gains after a day of losses on Monday.
Meanwhile, President Donald Trump escalated his long-standing conflict with Federal Reserve Chair Jerome Powell on Monday by threatening a lawsuit over alleged “gross incompetence,” a move that has reignited concerns regarding central bank independence just months before Powell’s term concludes in 2026.
Investors face a quiet week for economic data, with markets scheduled to be closed on Thursday in observance of New Year’s Day.
The 10-year Treasury bond yielded 4.12%, and the two-year bond was at 3.45%. The CME Group’s FedWatch tool‘s projections show markets pricing an 83.9% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
| Futures | Change (+/-) |
| Dow Jones | 0.01% |
| S&P 500 | -0.01% |
| Nasdaq 100 | -0.01% |
| Russell 2000 | 0.11% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Tuesday. The SPY was down 0.0073% at $687.80, while the QQQ declined 0.0081% to $620.82, according to Benzinga Pro data.
Stocks In Focus
TEN Holdings
- TEN Holdings Inc. (NASDAQ:XHLD) shares jumped 16.31% in premarket on Tuesday after announcing a $2.25 million private placement of 991,000 shares at $2.27 per share.
- It maintains a weaker price trend over the short, medium, and long terms. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.
