US stock futures rose on Monday evening, ahead of the final trading week of 2022.
Dow Jones Industrial Average futures YM00,
gained more than 150 points, or 0.5%, at 11:00 PM Eastern. S&P 500 futures ES00,
and Nasdaq-100 futures NQ00,
also posted solid gains, indicating positive market movements when normal trading resumes on Tuesday from the three-day Christmas holiday.
Oil prices rose CL.1[ads1],
as the US Dollar Index DXY,
Last week, the Dow rose almost 1%, while the S&P 500 and Nasdaq fell for the third week in a row.
See more: What can you expect for the stock market in 2023 after the biggest decline since the financial crisis
On Friday, the Dow Jones Industrial Average DJIA,
rose 176.44 points, or 0.5%, to 33,203.93. S&P 500 SPX,
gained 22.43 points, or 0.6%, to end at 3,844.82, for a weekly decline of 0.2%. Nasdaq Composite COMP,
closed at 10,497.86, up 6.85 points, or 0.4%. For the week, the Nasdaq fell 1.9 percent.
Friday marked the start of the so-called Santa Claus rally period – the last five trading days of the calendar year and the first two trading days of the new year. That stretch has on average produced gains for stocks, but failure to do so is often read as a negative indicator.
Read more: How a Santa Claus rally, or lack thereof, sets the stage for the stock market in the first quarter