Stock Market Today: Stocks edge lower into final trading days of 2025 todayheadline

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U.S. equity futures edged lower in early Monday trading as investor pared risk into the final two trading day of the year amid elevated Treasury bond yields and interest rate risks.

Stocks ended sharply lower on Friday, with megacap tech names leading the three major indices into the red and hauling the S&P 500 into negative territory for the month as investors booked profits from the sector’s massive performance over the whole of the year.

Treasury bond yields remained elevated amid the uncertainty tied to the Federal Reserve’s rate path and the implications of policies on trade, immigration and taxation planned by President-elect Donald Trump.

Benchmark 10-year note yields backed off their early May highs in overnight trading but were still changing hands just north of 4.6% heading into the start of the New York session, with 2-year notes pegged at 4.304%.

The U.S. dollar index, which tracks the greenback against a basket of six global currencies, was marked 0.11% lower at 107.877.

On Wall Street, investors are looking at another split week, and the lower trading volumes that usually come with it, as markets will be close for New Year’s Day on Wednesday. 

Futures contracts tied to the S&P 500, which is now up 25.2% for the year, are priced for a modest 9 point opening bell decline while those linked to the Dow Jones Industrial Average suggest a 44 point pullback.

Related: Fed interest rate cut bets in 2025 tied to Trump policy wild cards

The tech-focused Nasdaq, which is up 31.4% for the year, is called 20 points lower with Nvidia  (NVDA) , Tesla  (TSLA)  and Palantir Technologies  (PLTR)  active in early trading.

Boeing  (BA)  shares were another notable mover, with shares in the planemaker falling 4.5% following the crash of South Korea-based JeJu Air’s Boeing 737-800 this weekend in Seoul. 

Acting President Choi Sang-mok has called for an inquiry into the crash, the deadliest in the country’s history, after all 175 passengers and nearly all of the six-person crew were killed. 

In overseas markets, Europe’s Stoxx 600 slipped 0.2% in light-volume trading in Frankfurt, while Britain’s FTSE 100 edged 0.21% lower in London.

Overnight in Asia, Japan’s Nikkei 225 pulled back from a five-month high to finish its last trading day of the year 0.96% lower in Tokyo, leaving the benchmark around 20% higher for the whole of 2024.

The regional MSCI ex-Japan index, meanwhile, was marked 0.29% lower heading into the final hours of trading.

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