U.S. stock futures slipped on Wednesday after Tuesday’s higher close. Futures of major benchmark indices fell.
The equity markets will be closing at 1:00 p.m. and bond markets at 2:00 p.m. ET on the occasion of Christmas Eve, whereas it will be shut for the entire day on Thursday.
On Tuesday, the S&P 500 index ended at a new closing record after the Gross Domestic Product (GDP) expanded at a 4.3% annualized pace in the third quarter, surpassing estimates near 3.3% and marking the fastest growth rate in two years.
Meanwhile, the 10-year Treasury bond yielded 4.16%, and the two-year bond was at 3.53%. The CME Group's FedWatch tool‘s projections show markets pricing an 86.7% likelihood of the Federal Reserve leaving the current interest rates unchanged.
Futures
Change (+/-)
Dow Jones
-0.07%
S&P 500
-0.06%
Nasdaq 100
-0.05%
Russell 2000
-0.10%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.004% at $687.99, while the QQQ advanced 0.013% to $622.19, according to Benzinga Pro data.
Stocks In Focus
UiPath
UiPath Inc. (NYSE:PATH) shares jumped 7.14% after it announced that the company will join the S&P Midcap 400.
PATH maintains a stronger price trend over the short, medium, and long terms, with a poor value ranking. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.
