The New York Stock Exchange closed early at 1 p.m. ET on Wednesday and remained closed Thursday for Christmas Day. On the economic data front, U.S. initial jobless claims declined by 10,000 from the previous week to 214,000 in the week ending Dec. 20, compared to market estimates of 223,000.
Meanwhile, the 10-year Treasury bond yielded 4.15%, and the two-year bond was at 3.51%. The CME Group's FedWatch tool‘s projections show markets pricing an 84.5% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
Futures
Change (+/-)
Dow Jones
-0.12%
S&P 500
-0.06%
Nasdaq 100
-0.06%
Russell 2000
-0.27%
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 lower in premarket on Friday. The SPY was down 0.029% at $690.18, while the QQQ declined 0.014% to $623.84, according to Benzinga Pro data.
Stocks In Focus
Nvidia
Nvidia Corp. (NASDAQ:NVDA) shares rose 0.58% after it announced a non-exclusive licensing agreement with AI chip startup Groq, which was founded in 2016. Groq has entered a non-exclusive licensing agreement with NVIDIA covering its inference technology.
NVDA 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.
Dynavax Technologies
Dynavax Technologies Corp. (NASDAQ:DVAX) shares surged 38.19% following ...
