U.S. stock futures are trading higher as markets enter a holiday-shortened week with light trading expected. Overall sentiment remains positive, with the S&P 500 less than 1% away from its all-time high.
Stocks to Watch: * Micron Technology, Inc. soared 10% after reporting strong first-quarter earnings and forecasting an even stronger second quarter. * NVIDIA Corporation rose 3.9% on reports the U.S. may allow high-end AI chip sales to China. * NIKE, Inc. shares sank over 10% after projecting a sales decline for the current quarter, citing significant headwinds in the China market. * Oracle Corporation gained 6.6% on news of a joint venture with ByteDance that would give American investors a controlling stake in TikTok.
Looking ahead, traders will monitor the final Q3 GDP and consumer confidence data on Tuesday. Thin trading volumes are expected, with the NYSE closing early at 1 p.m. ET on Wednesday for Christmas Eve.