US stock futures rose Monday night, ahead of the final trading week of 2022.
Dow Jones Industrial Average Futures YM00,
It gained over 150 pips, or 0.5%, as of 11 PM EST. S&P 500 ES00 Index Futures,
and Nasdaq-100 NQ00 futures,
It also posted strong gains, indicating positive market moves when regular trading resumed on Tuesday from the three-day Christmas break.
CL.1 oil prices rose,
As DXY US Dollar Index,
slid.
Last week, the Dow rose nearly 1%, while the S&P 500 and Nasdaq fell for the third week in a row.
See more: What to expect for the stock market in 2023 after the biggest drop since the financial crisis
On Friday, the DJIA Dow Jones Industrial Average,
It rose 176.44 points, or 0.5%, to close at 33,203.93 points. S&P 500 SPX Index,
It gained 22.43 points, or 0.6%, to close at 3,844.82, for a weekly decline of 0.2%. nasdaq composite,
It closed at 10,497.86 points, up 6.85 points, or 0.4%. Over the course of the week, the Nasdaq was down 1.9%.
Friday marked the beginning 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, led to stock gains, but a failure to do so is often read as a negative sign.
Read more: How Santa Claus’s rise, or lack thereof, sets the stage for the stock market in the first quarter
