TSX Futures Inch Lower Ahead of Shortened Session



Stock futures were relatively unchanged on Wednesday after the broad market S&P 500 notched a record close.

Futures for the Dow Jones Industrials sank 36 points, or 0.1%, to 48,726.

Futures for the S&P 500 faded 2.75 points to 6,958.50.

Futures for the NASDAQ gave back 11.25 points to 25,801.

Major U.S. indexes climbed for a fourth straight session on Tuesday, led by tech names including Google parent Alphabet, Nvidia, Broadcom and Amazon.

The S&P 500 ended the regular session up about 0.5% and posted a fresh record close of 6,909.79.

The index is just below its intraday all-time high of 6,920.34. The NASDAQ gained about 0.6%, and the 30-stock Dow added around 79 points, or nearly 0.2%, to finish the day.

Earlier Tuesday, the Commerce Department issued its a third-quarter reading of the U.S. gross domestic product that came in at 4.3%, surpassing the Dow Jones consensus estimate of 3.2%.

The report, which had been delayed by the government shutdown, initially led traders to lower their expectations of interest rate cuts early next year. However, fed funds futures trading still indicates two rate cuts by the end of 2026

Investors continue to hope for the coveted Santa Claus rally, a year-end stock market surge that occurs between the last five trading days of the year and the first two of the new year — in this case from the opening bell on Dec. 24 until Jan. 5.

On the economic front Wednesday morning, traders will keep an eye out for weekly jobless claims.

The New York Stock Exchange will close early on Wednesday at 1 p.m. ET on Christmas Eve and will be closed Thursday for Christmas Day.

Overseas, the Nikkei 225 in Japan lost 0.1% Wednesday, while in Hong Kong, the Hang Seng Index moved forward 0.2%.

Oil prices docked 23 cents to $58.61.

Gold prices vaulted $17.70 to $4,523.40


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