NEW YORK: US stock index futures steadied today, a day after the three main indexes logged their steepest one-day decline in nearly two weeks as technology stocks came under renewed selling pressure.
Wall Street kicked off the last trading week of 2025 on a dour note yesterday, as heavyweight tech and artificial intelligence (AI)-linked stocks retreated from last week’s gains that had lifted the S&P 500 to a record high.
The benchmark index came within the 1% range of a historic 7,000-point mark and the Dow closed at a record high last week, with some investors eyeing a “Santa Claus rally”, a seasonal phenomenon where the S&P 500 typically posts gains in the last five trading days of the year and the first two in January, according to Stock Trader’s Almanac.