US Futures Hold Near Record Highs
US equity futures remained sluggish on Friday (December 26th), expected to remain in thin trading after the market closed for a holiday. Contracts tracking the S&P 500 and the Dow held near their record highs amid expectations that continued economic growth and more accommodative monetary policy are supporting earnings prospects. Despite optimism that corporate earnings will remain strong, skepticism about the magnitude of the Fed's interest rate cuts next year and lingering concerns that excessive capital spending on AI infrastructure prevented a sharper "Santa Claus rally" as the new year approached. Commodity players were in the spotlight, as precious and base metals extended their rallies, with Newmont and Freeport-McMoRan futures swinging higher. Oil producers were also expected to see gains as the White House escalated its hawkish rhetoric against the Venezuelan regime and oil infrastructure. Meanwhile, Nvidia gained slightly due to its licensing deal with AI startup Groq. (asd)
Source: Newsmaker.id
