The Santa Claus trading period, which began on Dec. 24 last week, did not materialize as the S&P 500 declined for the fourth straight session, despite recording gains for 2025.
Meanwhile, the 10-year Treasury bond yielded 4.15%, and the two-year bond was at 3.46%. The CME Group's FedWatch tool‘s projections show markets pricing an 85.1% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
Futures
Change (+/-)
Dow Jones
0.37%
S&P 500
0.62%
Nasdaq 100
1.08%
Russell 2000
0.75%
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 Friday. The SPY was up 0.69% at $686.61, while the QQQ advanced 1.12% to $621.18, according to Benzinga Pro data.
Stocks In Focus
Baidu
Baidu Inc. (NASDAQ:BIDU) shares jumped 12.20% in premarket on Friday after the company announced its proposed spinoff and separate listing of the H shares of Kunlunxin (Beijing) Technology Co., Ltd. on the Main Board of the Hong Kong Stock Exchange.
It maintains a stronger price trend over the short, medium, and long terms with a poor quality ranking. Additional performance details, as per Benzinga's Edge Stock Rankings, are available here.
Rubico
Rubico Inc. (NASDAQ:RUBI) surged 16.82% after the company announced that it entered into a purchase agreement for the acquisition from Top Ships of a vessel-owning company, which is party to a shipbuilding contract for a ...
