Stock Market Update
24-Dec-19 09:11 ET
Stocks set for muted start in shorted session
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +1.40. Nasdaq futures vs fair value: +7.40.
Wall Street is set to begin the holiday-shortened trading session relatively unchanged, with the S&P 500 futures trading roughly in-line with fair value.
The market has been on a tear since early October, so the lack of conviction on this Christmas Eve is understandable. Any selling pressure during this run has been short-lived, and stocks may continue to see modest gains as the market approaches the Santa Claus Rally period between Christmas and the first two trading days of January.
Separately, Uber (UBER 30.37, +0.04, +0.1%) just announced that co-founder Travis Kalanick will resign from the Board of Directors on Dec. 31.
