Market Excitement Not Encouraging Towards Year End! This Is What Happens In The Stock Market

<p>&nbsp;Stock index futures linked to Wall Street's main index showed a flat performance on Wednesday after the S&amp;P 500 rose to near record highs in the previous session on hopes that the Federal Reserve will cut interest rates as early as March.</p><p><br /></p><p>Pre-market trading volume was seen as low, with most traders enjoying the New Year holiday and a lack of strong indicators, except for the weekly jobless claims data which is expected to come out on Thursday.</p><p><br /></p><p>The momentum of eight straight weeks of gains in the main index picked up momentum two weeks ago after the Fed hinted at the final seeds of a rate hike and opened the door to a rate cut in 2024.</p><p><br /></p><p>"Stocks look set to end the year on a strong note as the disinflation narrative continues to support bullish momentum in global risk assets," said Raffi Boyadjian, investment analyst.</p><p><br /></p><p><br /></p><p>Markets extended their bullish momentum on Tuesday in less choppy trade with major indexes near their highest closes since January 2022.</p><p><br /></p><p>A close above the 4,796.56 level would confirm the S&amp;P 500 is in an uptrend since touching the bottom of the bearish momentum market, which is the closing low reached in October 2022.</p><p><br /></p><p>So far the Dow index futures are unchanged, the S&amp;P 500 futures are down 1 point, or 0.02%, and the Nasdaq 100 futures are down 0.75 points.</p><p><br /></p><p>Among individual moves, Bit Digital shares rose 9.3% in pre-market trading as the US-based bitcoin miner plans to double their mining operations.</p>