Stock Futures Point Lower to Begin Holiday-Shortened Week; Gold, Silver Pull Back From Record Highs

Stock futures pointed lower and precious metals retreated from record highs to commence a holiday-shortened week with no significant corporate earnings on tap.

Nasdaq 100 and S&P 500 futures were down 0.5% and 0.3%, respectively, while those affiliated with the Dow Jones Industrial Average were fractionally lower.

On Friday, after traders got the day off for Christmas, the tech-heavy Nasdaq closed down 0.1%, the blue-chip Dow Jones Industrial Average fell fractionally, and the benchmark S&P 500 set a new intraday high before finishing fractionally lower. The three indexes had five-session winning streaks snapped but still all rose by more than 1% for the week, with investors hoping for a Santa Claus rally through the start of 2026.

Shares of AI chip giant Nvidia (NVDA), the world’s most valuable public company, pulled back about 1.5% in premarket trading Monday. Tesla (TSLA) stock also was down roughly 1.5% before the bell, while the other members of the Magnificent Seven all were down less than 1%.

Gold futures declined 1.6% to about $4,480 an ounce after setting their latest all-time high of nearly $4,585 on Friday. Silver futures fell 2.8% to $75 an ounce after touching a record above $82.65 earlier Monday.

West Texas Intermediate futures, the U.S. crude oil benchmark, surged more than 2% to roughly $58 per barrel amid U.S.-Venezuela tensions.

The 10-year Treasury yield, which influences interest rates on a variety of commercial and consumer loans, slipped to 4.11% from Friday’s close of below 4.14%.

Bitcoin was trading around $87,700, little changed on the day after trading above $90,300 earlier Monday. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, was slightly higher at 98.13.

Shares of DigitalBridge Group (DBRG) added roughly a third of their value in premarket trading following a Bloomberg report that Japanese conglomerate SoftBank was near a deal to acquire the data-center investment firm.