Stock futures are solidly higher Thursday as 2025 trading gets underway following a weak finish to an otherwise banner year for U.S. equities.
Futures tied to the Dow Jones Industrial Average and S&P 500 were up 0.8% in recent trading, while Nasdaq futures added 1.1%. The S&P 500 and Nasdaq Composite are entering the new year on a four-session losing streak, while the Dow had its worst month in more than two years in December.
Large-cap tech stocks were mostly higher in premarket trading Thursday. Shares of Nvidia (NVDA), Tesla (TSLA), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Meta Platforms (META) and Broadcom (AVGO) were all up more than 1%, while Apple (AAPL) fell about 0.5%.
Investors will be paying close attention to Tesla’s fourth-quarter vehicle delivery numbers, which are scheduled to be released this morning. Tesla shares have lost 13% of their value over the past four sessions after soaring since the presidential election amid investor optimism that CEO Elon Musk’s close relationship with President-elect Trump will benefit the EV maker.
Crypto-related stocks were also gaining ground this morning, as the price of bitcoin rose. Shares of MicroStrategy (MSTR), a software company that has become one of the world’s largest holders of bitcoin, were up about 4%, as were shares of crypto trading platform Coinbase Global (COIN).
Bitcoin was trading at $96,400, up from an overnight low of around $94,000 but well below its mid-December all-time high of $108,000.
The yield on 10-year Treasurys, which correlates with expectations about where interest rates are headed, was at 4.54%, down from its previous close of 4.58%.
Gold futures were up 0.4% at $2,650 an ounce, while crude oil futures gained more than 1%.
S&P 500 Starts 2025 on Best Two-Year Run Since Late ’90s
28 minutes ago
Despite a sluggish performance in the final trading sessions of the year, the S&P 500 finished 2024 with a 23% gain. That came on the heals of a 24% rise in 2023 and marked the first time since the late-1990s that the benchmark stock index registered two consecutive years with gains of more than 20%.
The tech-heavy Nasdaq Composite closed the year up 29%, while the Dow Jones Industrial Average added 13%.
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Nvidia Levels to Watch After Two Years of Massive Gains
37 minutes ago
Shares in AI chipmaker Nvidia (NVDA) will be in the spotlight ahead of a presentation by CEO Jensen Huang scheduled for next Monday at the Consumer Electronics Show in Las Vegas.
Investors will be watching for updates from Huang on sales projections for the company’s Blackwell chips and details about Rubin, Blackwell’s successor, which Nvidia plans to release in 2026. Several leading Wall Street firms have named Nvidia as their 2025 “top pick,” pointing out that strong demand for its Blackwell platform positions the company for another year of explosive growth.
Nvidia shares closed out 2024 with a gain of 170% amid surging demand for its silicon as big tech customers—including Microsoft (MSFT), Meta (META) and Alphabet’s (GOOGL) Google—beefed up their AI datacenter and cloud computing infrastructure. Last year’s big gain came on the heels of a 240% increase in 2023.
Since hitting a record high in late November, Nvidia shares have traded within a descending channel, with the price tagging the pattern’s upper and lower trendlines on several occasions since that time.
Investors should watch key support levels on Nvidia’s chart around $130 and $115, while also monitoring important resistance levels near $140 and $150.
Nvidia shares were up 1.6% at $136.50 in recent premarket trading.
Read the full technical analysis piece here.
Major Indexes Poised to Start New Year in Positive Territory
1 hr 7 min ago
Futures tied to the Dow Jones Industrial Average were up 0.7%.
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S&P 500 futures were up 0.8%.
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Nasdaq 100 futures rose 1%.
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