FX.co ★ US Futures Start the Week Higher

On Monday, US stock futures experienced an upswing as major indexes continued their upward trajectory, spearheaded by advances in tech stocks, even as consumer stocks saw a decline. During Friday's trading session, the S&P 500, Nasdaq Composite, and Dow all demonstrated gains, with megacap stocks showcasing particular strength. The market's attention is now focused on whether tech stocks can sustain their current momentum as the year draws to a close, fueling speculation about a possible "Santa Claus rally." Additionally, investors are keenly awaiting the forthcoming release of second estimates for third-quarter GDP growth, corporate earnings, and industrial production data, following last week's indicators that hinted at the possibility of further interest rate cuts by the Federal Reserve in the upcoming year.