Indexes failed to hold onto early gains, with investors extending their losing streak to five days. Hope is fading for a Santa Claus rally to take shape.

U.S. stocks closed broadly lower Monday as a banner year on Wall Street looked set to finish on a sour note. The S&P 500 fell 1.1%, its third straight decline. Roughly 90% of stocks within the index lost ground.

US stocks jumped on Friday, ending a five-day losing streak for the S&P 500, Dow Jones, and Nasdaq 100. Risk-on stocks in the consumer discretionary and technology sectors led the market higher.

Asian markets have opened with gains after U.S. stock indexes slipped as Wall Street’s weak end to last year carried into 2025.

The S&P 500 may be heading for its first gain since Christmas. The main gauge of Wall Street’s health rose 0.6% Friday and was on track to break a five-day

The Santa Claus trading window ends Friday, and a negative return during the seven-day trading window could be a bad sign for 2025, a strategist said.

The S&P 500 may be heading for its first gain since Christmas. The main gauge of Wall Street’s health rose 0.5% in early trading Friday and was on track to break a five-day losing streak. The Dow Jones Industrial Average was up 216 points,