Stock Market Today: Nasdaq, S&P 500 Futures Rise As Street Awaits Q3 GDP Report—Parsons, ZIM, Trump Media & Technology In Focus - SPDR S&P 500 (ARCA:SPY)
Benzinga·2025-12-23 10:00

Market Overview - U.S. stock futures rose on Tuesday following a higher close on Monday, with major benchmark indices advancing [1] - Investors are awaiting economic data, including delayed reports on third-quarter GDP and durable goods, as well as updates on industrial production and consumer confidence [1][11] - Trading will be closed on Thursday, with an abbreviated session on Wednesday [1] Treasury Yields and Market Sentiment - The 10-year Treasury bond yielded 4.15%, while the two-year bond was at 3.50% [2] - The CME Group's FedWatch tool indicates an 80.1% likelihood of the Federal Reserve keeping interest rates unchanged [2] Stock Performance - Major indices showed slight gains: Dow Jones up 0.04%, S&P 500 up 0.07%, Nasdaq 100 up 0.11%, and Russell 2000 up 0.02% [2] - The SPDR S&P 500 ETF Trust (SPY) increased by 0.10% to $685.52, and the Invesco QQQ Trust ETF (QQQ) rose by 0.15% to $620.15 [2] Stocks in Focus - Parsons Corp. (PSN) jumped 6.16% after winning a contract under the Missile Defense Agency's SHIELD program [4] - XMax Inc. (XWIN) shares fell 4.45% after filing for a public offering of 1.1875 million shares at $4.21 each [4] - ZIM Integrated Shipping Services Ltd. (ZIM) rose 7.29% after receiving acquisition proposals and is evaluating offers [4] - Trump Media & Technology Group Corp. (DJT) increased by 1.80% after purchasing over $40 million in Bitcoin [4] Economic Insights - LPL Research anticipates a generally positive outlook for the U.S. economy and stock market in 2026, with a modest slowdown expected early in the year before a rebound [8] - The bull market is projected to extend, driven by AI investment and easing monetary policy, with a year-end S&P 500 target range of 7,300–7,400 [9] Strategic Recommendations - LPL's committee maintains a tactical neutral stance on equities, advising investors to prepare for volatility while favoring growth style over value [10]

Stock Market Today: Nasdaq, S&P 500 Futures Rise As Street Awaits Q3 GDP Report—Parsons, ZIM, Trump Media & Technology In Focus - SPDR S&P 500 (ARCA:SPY) - Reportify