Stock Market Today: Dow Jones, S&P 500 Futures Drop On Christmas Eve Despite Strong Q3 GDP Report—UiPath, AST SpaceMobile, Ramaco Resources In Focus – SPDR S&P 500 (ARCA:SPY)

U.S. stock futures slipped on Wednesday after Tuesday’s higher close. Futures of major benchmark indices fell.

The equity markets will be closing at 1:00 p.m. and bond markets at 2:00 p.m. ET on the occasion of Christmas Eve, whereas it will be shut for the entire day on Thursday.

Meanwhile, the 10-year Treasury bond yielded 4.16%, and the two-year bond was at 3.53%. The CME Group’s FedWatch tool‘s projections show markets pricing an 86.7% likelihood of the Federal Reserve leaving the current interest rates unchanged.

Stocks In Focus

UiPath

• UiPath Inc. (NYSE:PATH) shares jumped 7.14% after it announced that the company will join the S&P Midcap 400.

• PATH maintains a stronger price trend over the short, medium, and long terms, with a poor value ranking. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.

Citius Pharmaceuticals

• Citius Pharmaceuticals Inc. (NASDAQ:CTXR) shares climbed 8.65% after reporting better-than-expected earnings for the fourth quarter. The company posted a quarterly loss of 11 cents per share, compared to market estimates of a loss of 43 cents per share.

• It maintains a weaker price trend over the short, medium, and long terms. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.

Ramaco Resources

• Ramaco Resources Inc. (NASDAQ:METC) gained 8.05% after announcing a $100 million stock repurchase plan.

• Benzinga’s Edge Stock Rankings indicate that METC maintains a stronger price trend over the long term but a weaker trend in the short and medium terms. Additional performance details are available here.

AST SpaceMobile

• AST SpaceMobile Inc. (NASDAQ:ASTS) shares were 2.89% higher after it launched BlueBird 6 satellites.

• ASTS maintains a stronger price trend over the short, medium, and long terms. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.

Multi Ways Holdings

• Multi Ways Holdings Ltd. (NYSE:MWG) surged 62.86% after the Singapore-based company reported net revenue of $26.44 million for the six months ended June 30, up 87.65% from $14.09 million in the same period last year.

• Benzinga’s Edge Stock Rankings shows that LMNR maintains a stronger price trend over the short term and a weak trend in the medium and long term. Additional information is available here.

Cues From Last Session

Communication services, information technology, and energy stocks recorded the biggest gains on Tuesday, while consumer staples and health care bucked the trend to close lower.

Insights From Analysts

Chief Market Strategist Ryan Detrick is urging investors to remain optimistic, even as historical data warns that a failed “Santa Claus Rally” can signal trouble ahead. Detrick emphasizes market resilience despite recent volatility.

Detrick notes that negative returns during this specific window often foreshadow a difficult first quarter. He points to the previous year as a cautionary tale, where a -0.5% holiday dip preceded a 4.6% decline in the first quarter.