"Futures are mainly trading higher as we start the first full week of trading in 2026. Investors and traders who were missing in action due to the Christmas and New Year's holiday are returning to a stock market that, for the third consecutive year, did not experience a "Santa Claus rally," which refers to stocks trading higher the final five trading sessions of each year and the first two of the following year."
"Sellers took the stage on Friday as yields across the Treasury curve finished the day higher. While some buyers were in the T-bill maturities, the longer-dated bonds ended the day lower. The 30-year bond closed at 4.87%, while the benchmark 10-year note was last quoted at 4.20%, down from 4.80% this time last year, and the first annual decline in yield in five years."
"Prices were modestly lower across the energy complex on Friday, with Brent Crude down 0.16% at $60.75 and West Texas Intermediate closing the session at $57.32, down 0.17%. Oil prices hit five-year lows in 2025, and many expect WTI to trade in the $55- $60 range this year. The weekend capture of Venezuelan President Maduro and his wife may inject some volatility into the picture this week."
Futures opened mainly higher as traders return for the first full week of 2026 after holiday absences, with the S&P 500 rising and Nasdaq slightly lower while the Dow jumped. The market missed a third consecutive Santa Claus rally despite three years of double-digit S&P gains, and analysts expect heightened volatility ahead. Treasury yields climbed Friday as sellers dominated the curve; the 30-year closed at 4.87% and the 10-year was quoted at 4.20%, marking the first annual yield decline in five years. Oil prices were modestly lower, with Brent at $60.75 and WTI at $57.32, and geopolitical events could add volatility.
Read at 24/7 Wall St.
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