By Jesse Cohen
Investing.com - U.S. stock futures were little changed on Thursday, with Wall Street’s major indices pointing to a flat open, as we wind down towards the year-end holidays next week.
The S&P 500 ended a five-day winning streak on Wednesday, but it still managed to hover near all-time highs around the 3,200-level.
The benchmark index has gained over 27% so far this year, rising in all but two months as investors cheered progress in trade relations between Washington and Beijing, three interest rate cuts by the Federal Reserve and upbeat economic data.
Meanwhile, the Dow Jones Industrial Average also achieved a new all-time high on Monday. The index is currently hovering at 28,300, having rallied by more than 21% year-to-date. There are seemingly few roadblocks in the way of the Dow hitting 30,000.
Market participants are hopeful that Santa Claus will deliver on his traditional end of year rally. Since 1950, no month has a stronger average return or has finished higher more often than December.
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-- Reuters contributed to this report