Dow Jones Futures: Market Near Highs As New Year Looms; Eli Lilly, Shopify Forge Buy Points

Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures, heading into the final day of 2025.

The stock market had another quiet session, with the major indexes falling slightly Tuesday. All are still close to all-time highs but not far testing key support.

FTAI Aviation (FTAI) blasted through a buy zone amid a big shift into artificial intelligence. Gold and silver stocks rebounded.

Shopify (SHOP) and Eli Lilly (LLY) have forged new buy points. Nu Holdings (NU), Amphenol (APH), Guardant Health (GH), Reddit (RDDT) and Evercore (EVR) also are setting up or flirting with buy points.

Evercore stock is on Leaderboard. Amphenol and Reddit are on the IBD 50. Amphenol stock is on the IBD Big Cap 20.

The video embedded in the article reviews Tuesday’s stock market action and analyzes FTAI, Nu Holdings and Shopify stock.

Dow Jones Futures Today

Dow Jones futures were even vs. fair value. S&P 500 futures dipped 0.1% and Nasdaq 100 futures fell 0.2%.

Silver futures plunged overnight after diving Monday and rebounding Tuesday.

China’s official manufacturing index rose 0.9 point in December to 50.1, beating views for an unchanged 49.2. It’s the first reading above the break-even 50 level since March. The non-manufacturing index climbed 0.7 point to 50.2 vs. forecasts for 49.7.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Stock Market Rally

The stock market rally drifted lower once again in quiet year-end trade.

The Dow Jones Industrial Average dipped 0.2% in Tuesday’s stock market trading. The S&P 500 index lost 0.1%. The Nasdaq composite gave up 0.2%. The small-cap Russell 2000 declined 0.8%, falling below its 21-day line.

All of these indexes are close to record highs but also their 50-day moving averages. At some point the stock market will break higher or lower, but sideways action can continue for an extended period, perhaps with more head fakes.

Leading stocks were mixed Tuesday. Gold, silver and other metals plays rebounded with underlying prices rising after tumbling Monday. Biotechs continued to pull back from recent record highs.

U.S. crude oil prices dipped 0.2% to $57.95 a barrel.

The 10-year Treasury yield fell one basis points to 4.13%.

ETFs

Among growth ETFs, the Innovator IBD 50 ETF (FFTY) slipped 0.3%. The iShares Expanded Tech-Software Sector ETF (IGV) shed 1%. The VanEck Vectors Semiconductor ETF (SMH) declined 0.25%.

ARK Innovation ETF (ARKK) retreated 0.9% and ARK Genomics ETF (ARKG) backed off 0.6%.

SPDR S&P Metals & Mining ETF (XME) shed 0.7%. The Energy Select SPDR ETF (XLE) climbed 0.8%.

The Health Care Select Sector SPDR Fund (XLV) lost 0.1%, with Eli Lilly stock the No. 1 holding.

The Industrial Select Sector SPDR Fund (XLI) shed 0.3%. The Financial Select SPDR ETF (XLF) fell 0.25%.

Stocks Near Buy Points

Eli Lilly stock edged up 0.1% to 1,079.75 on Tuesday. The drug giant is working on a new, V-shape flat base with a potential 1,111.99 buy point after this week. Investors could view the pattern as a mini cup base with a handle entry of 1,088.48.

Shopify stock sank 2.5% to 163.74 on Tuesday. SHOP stock now has handle, giving it a 172.98 cup-with-handle base.

Nu Holdings stock rose 1.3% to 16.88, moving off the 21-day line and clearing some short-term highs. NU stock is in range of what’s arguably a still-valid 16.43 buy point. After this week, the Brazilian digital bank is due to have another flat base with a 17.84 entry.

Amphenol stock lost 0.5% to 136.20, just holding the 50-day line. APH stock has a flat base with a 144.37 buy point, according to MarketSurge. Investors could view the pattern as a shallow double-bottom base with a 143.48 entry. A strong move above last Friday’s high of 138.32 would offer an early entry.

Guardant Health stock dipped 0.8% to 100.60, just below its 21-day line and right around its 10-week line. After racing higher following Q3 earnings in late October, the cancer-diagnostics firm has consolidated, with a flat base due after this week. A move off the 10-week line would offer an entry, using the Dec. 26 high of 104.75 as a trigger.

Reddit stock shed 0.55% to 233.36. RDDT stock has a 246.15 cup-with-handle buy point, but is flirting with an entry from breaking the downtrend of the handle.

Evercore stock fell 1% to 343.64, drifting a little further below a 349.91 cup-with-handle buy point.

What To Do Now

The stock market hasn’t done much since Christmas, and may not until next week. A number of leading stocks are setting up, but it’s not a great time to be making big new bets. But it’s an important time to build watchlists, ready to act if the market makes a decisive move higher in 2026.

Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.

Please follow Ed Carson on  Threads at @edcarson1971 and X/Twitter at @IBD_ECarson  for stock market updates and more.

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