Despite the limited economic announcements on Tuesday, the market took on a festive mood as the new year approached.
Asian markets concluded mostly lower, contrasting with European markets, which witnessed broad gains.
Gold prices remained stable on the year's final trading day, while oil prices saw an uptick in Asian markets.
Initial trends in the U.S. Futures Index indicate that Wall Street is poised for a higher opening.
As of 7:50 a.m. ET, Dow futures had climbed 84 points, the S&P 500 futures had risen by 15 points, and Nasdaq 100 futures had advanced by 56.75 points.
In contrast, the major U.S. indices closed in negative territory on Monday. The Dow, although recovering slightly from an initial plunge of over 700 points, still ended the session 418.48 points lower, closing at 42,573.73.
Similarly, the Nasdaq, known for its technology stocks, dropped 235.25 points, ending at 19,486.78, while the S&P 500 declined by 63.90 points to close at 5,906.94.
On the economic calendar, the Case-Shiller Home Price Index for October is set for release at 9:00 a.m. ET, with expectations of a 0.2 percent increase, matching last month's rise.
The Federal Housing Finance Agency's House Price Index for October will also be released at 9:00 a.m. ET, with projected growth of 0.5 percent, following a 0.7 percent increase in the previous month.
Additionally, the Agriculture Department will publish November's Farm Prices at 3:00 p.m. ET, after a 6.5 percent decline the previous month.
A four-month Treasury Bill auction is scheduled for 11:00 a.m. ET.
Asian markets ended the day lower on Tuesday, with China's Shanghai Composite index falling 1.63 percent to 3,351.76. Meanwhile, Hong Kong's Hang Seng index saw a slight increase, closing at 20,059.95.
Japanese markets will remain closed from Tuesday until January 6. Markets in Australia, New Zealand, Singapore, and Hong Kong all ended trading early on New Year's Eve.
Australian markets ended with losses; the benchmark S&P/ASX 200 declined by 0.92 percent, closing at 8,159.10, marking its lowest point since December 20. The broader All Ordinaries index decreased by 0.89 percent, settling at 8,420.50.
New Zealand's S&P/NZX-50 index fell by 1.20 percent, closing at 13,110.74.
In Europe, markets are generally on the rise. Among the key regional indexes, France's CAC 40 is up by 67.70 points or 0.93 percent. Germany's DAX, however, is down by 75.18 points or 0.38 percent, while the U.K.’s FTSE 100 is gaining 52.01 points or 0.64 percent.
Additionally, the Swiss Market Index is up by 11.56 points or 0.10 percent.
Conversely, the Euro Stoxx 50 Index, which aggregates 50 leading blue-chip stocks from across the eurozone, is down by 0.69 percent.
The material has been provided by InstaForex Company -
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