Stock Futures Little Changed After S&P 500 Sets Record Closing High; Gold, Silver Hit New Records; Markets to Close Early Today

Stock futures were little changed Wednesday, a day after the S&P 500 ended at a record closing high. Markets will shut early today and be closed tomorrow for Christmas. 

Nasdaq 100 futures and those associated with the S&P 500 and Dow Jones Industrial average all ticked 0.1% lower.

The U.S. stock market will close at 1:00 p.m. ET today, while the bond market will shut at 2:00 p.m. Markets will be closed for Christmas tomorrow but open on Friday.

Yesterday, the tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow Jones Industrial Average ended higher for a fourth straight session, again led by tech shares, after delayed third-quarter GDP figures came in better than expected.

Tech stocks turned in another solid performance yesterday, with shares of AI chip giant Nvidia (NVDA) rising 3% to pace the Dow, while rival Broadcom (AVGO) gaining 2.3% and Amazon (AMZN) tacking on 1.6%. Shares of Nvidia, Broadcom, and Amazon pointed down 0.4%, up 0.3%, and up 0.1%, respectively, in premarket trading Wednesday.

Gold and silver futures set all-time highs for a third straight day Wednesday, rising to $4,555 and $72.75 an ounce, respectively. In recent trading, gold was up 0.3% to $4,520, while silver was 1.2% higher at $72.00.

The 10-year Treasury yield, which influences interest rates on a variety of commercial and consumer loans, ticked lower to 4.16% from Tuesday’s close of 4.17%.

Bitcoin was trading at $87,200, down slightly from a high earlier Wednesday around $87,800. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, edged lower to 97.87.

West Texas Intermediate futures, the U.S. crude oil benchmark, were 0.5% higher at $58.65 per barrel.