Stock Futures Muted Ahead of Another Holiday Week

The new year begins on Thursday. (Spencer Platt/Getty Images)

Key Points

• Stock market futures were largely flat following a meeting between President Donald Trump and Ukrainian President Zelensky regarding a peace plan.
• Last week, the Dow Jones Industrial Average rose 1.2%, the S&P 500 climbed 1.4%, and the Nasdaq closed up 1.2%.
• This week’s economic focus includes the Federal Reserve’s December meeting minutes and November pending home sales data.

Stock market futures were essentially flat ahead of a New Year’s holiday-shortened week after President Donald Trump and Ukrainian President Volodymyr Zelensky had a sit-down Sunday on a proposed Russia-Ukraine peace plan.

Trump described the meeting as “excellent” in a video posted by the White House. On X, Zelensky posted that he and Trump had “achieved significant results.”

Shortly after 6 p.m. Eastern Time, Dow Jones Industrial Average futures were up 0.1%. The S&P 500 futures and Nasdaq Composite futures were both flat.

Last week, the Dow Jones Industrial Average closed up 1.2%, at 48711, in its largest one-week point and percentage gain since the week ending Nov. 28, according to Dow Jones Market Data. The Dow is up 14.5% this year.

The S&P 500 and Nasdaq Composite also posted their largest one-week point and percentage gains since the week ended Nov. 28.

Last week, the S&P 500 climbed 1.4%, to 6930. The index is up 17.8% this year. The Nasdaq closed up 1.2%, at 23593, and has gained 22.2% this year.

This week’s economic highlight is the Tuesday’s release of minutes from the Federal Reserve’s December meeting. The central bank cut interest rates by a quarter-point. Economists and investors will be looking for clues as to what policymakers said about the coming year.

Other data releases: November pending home sales on Monday; October’s S&P Case-Shiller home price index on Tuesday; and last week’s initial jobless claims on Wednesday.

Write to Janet H. Cho at janet.cho@dowjones.com