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 were up in midday trading Friday, with the S&P 500 attempting to snap a five-day losing streak. The S&P 500 was up 59 points, or a sharp 1%, at almost 5,928. The Dow Jones Industrial Average was gaining 240 points, or 0.6%, to trade at nearly 42,633.

U.S. equity futures moved higher in early Tuesday trading, while Treasury yields held steady following the biggest decline in five weeks, as investors looked to tidy positions and portfolios into the final trading day of a outstanding year for domestic stocks.

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.

U.S. stocks got off to a rocky start to 2025 on Thursday as the S&P 500 and Nasdaq Composite declined for a fifth straight day. For both, it was the longest losing streak since April, according to Dow Jones Market Data.

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 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.