US stock futures rise ahead of last trading week of 2022

US stock futures rose Monday night, ahead of the final trading week of 2022.

Dow Jones Industrial Average futures YM00,
+0.47%
gained more than 150 points, or 0.5%, as of 11 pm Eastern. S&P 500 futures ES00,
+0.64%
and Nasdaq-100 futures NQ00,
+0.77%
were also logging solid gains, indicating positive market moves when regular trading resumes Tuesday from the three-day Christmas holiday.

Oil prices rose CL.1,
+0.89%,
as the US Dollar Index DXY,
-0.33%
slipped

Last week, the Dow gained nearly 1%, while the S&P 500 and Nasdaq fell for a third straight week.

See more: What to expect for the stock market in 2023 after the biggest decline since the financial crisis

On Friday, the Dow Jones Industrial Average DJIA,
+0.53%
rose 176.44 points, or 0.5%, to close at 33,203.93. The S&P 500 SPX,
+0.59%
gained 22.43 points, or 0.6%, finishing at 3,844.82, for a weekly decline of 0.2%. The Nasdaq Composite COMP,
+0.21%
closed at 10,497.86, up 6.85 points, or 0.4%. For the week, the Nasdaq fell 1.9%.

Friday marked the start of the so-called Santa Claus rally period — the final 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

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