The index futures point to a moderately higher opening on Tuesday, as traders return to their desks after an extended holiday weekend in observance of Christmas. In the absence of any major trading cues, a couple of house price readings could guide sentiment. Trading volume could be light, lending less credibility to any potential move.
A tough year marred by macroeconomic uncertainties and geopolitical tensions is drawing to a close. Most financial assets, including stocks, bonds and cryptos, have come off notably from the levels at which they started 2022.
Tech stocks just had their annus horribilis. The sell-off in the space was so indiscriminate that most shed billions or millions from their market capitalizations.
Tesla Inc.’s (NASDAQ: TSLA) Cybertruck is the electric vehicle maker’s next major product and this long-awaited truck is expected to move into production in 2023.