U.S. stock-index futures climbed amid low volume as markets reopen after the Christmas holiday.
Contracts on the Standard & Poorâ€™s 500 Index expiring in March rose 0.2 percent to 2,082.4 at 9:26 a.m. in London today as 76 of the futures changed hands. Dow Jones Industrial Average contracts added 37 points, or 0.2 percent to 18,025, and those on the Nasdaq 100 Index gained 0.3 percent to 4,295.
Both the S&P 500 and the Dow reached records this week after posting their biggest five-day rally in three years. The S&P 500 climbed 0.5 percent in the past three days, and the Dow added 1.3 percent, closing above 18,000 for a second day on Dec. 24. The S&P 500 ended little changed, erasing an advance of as much as 0.3 percent in the final minutes of the shortened trading day. Markets were closed yesterday for Christmas.
The recent gains are taking the Dow up 1.1 percent for the month and 8.8 percent this year. The S&P 500 has risen 0.7 percent in December and 13 percent in 2014.
A slump in oil prices threatened the stock rally earlier this month, with the S&P 500 closing at a seven-week low on Dec. 16. The index recovered its losses faster than in comparable drops earlier this year as the Federal Reserve said it will be patient on the timing of interest-rate increases and the U.S. economy expanded at the fastest pace in more than a decade.