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U.S. stock futures fell in early trading Monday as investors reduced risk in the final two trading days of the year amid elevated Treasury yields and interest rate risks.
stocks closed sharply lower on Friday, with mega-cap tech names leading all three major indexes into the red and dragging the S&P 500 into negative territory for the month, as investors took profits from the sector's massive performance throughout the year. anus.
Treasury yields remained elevated amid uncertainty tied to the Federal Reserve's rate path and the implications of President-elect Donald Trump's planned trade, immigration and tax policies.
Benchmark 10-year bond yields retreated from their early May highs in overnight trading, but were still changing hands just above 4.6% at the start of the New York session, with bonds at 2 years set at 4.304%.
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The US dollar index, which tracks the greenback's performance against a basket of six global currencies, fell 0.11% to 107.877.
On Wall Street, investors expect another split week and the lower trading volumes that typically accompany it, as markets will be closed for New Year's Day on Wednesday.
Futures contracts tied to the S&P 500, which is now up 25.2% for the year, are trading for a modest 9-point opening drop, while those tied to the Dow Jones Industrial Average suggest a 44-point pullback.
Related: Bets on Fed interest rate cut in 2025 tied to Trump policy wild cards
The tech-focused Nasdaq, which is up 31.4% for the year, is trading 20 points lower than Nvidia. (NVDA) tesla (TSLA) and Palantir Technologies (PLT) active in the first operations.
boeing (bachelor of arts) The stock was another notable factor, as shares of the plane maker fell 4.5% following the crash of South Korea-based JeJu Air's Boeing 737-800 this weekend in Seoul.
Acting President Choi Sang-mok has called for an investigation into the crash, the deadliest in the country's history, after all 175 passengers and almost the entire six-person crew died.
More Wall Street analysis:
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- US stocks Dominate as Bull Market Bets Highlight 'American Exceptionalism'
- Veteran analyst who predicted S&P 500 rally reveals 2025 target
- Trump plans will test Fed's 2025 rate cut bets
In overseas markets, Europe's Stoxx 600 fell 0.2% in light trading in Frankfurt, while Britain's FTSE 100 fell 0.21% in London.
Overnight in Asia, Japan's Nikkei 225 retreated from a five-month high to end its final trading day of the year down 0.96% in Tokyo, leaving the benchmark index down around 20%. highest for all of 2024.
Meanwhile, the MSCI regional index excluding Japan was down 0.29% heading into the final hours of trading.
Related: Veteran Fund Manager Offers Alarming Forecast for S&P 500
