LIVE MARKETS-Will there be any more gifts left under the tree?

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WILL THERE BE ANY MORE GIFTS LEFT UNDER THE TREE?

On Tuesday, the S&P 500 .SPX notched its 38th record closing high of 2025.

Now on Wednesday, ahead of what will be a holiday-shortened Christmas Eve session, with a 1 p.m. ET close, bulls are hoping the beginning of the Santa Claus rally period will deliver a few more presents in terms of fresh record closing highs.

In the wake of fewer jobless claims than expected, the main U.S. equity index futures are little changed in premarket trading, while the U.S. 10-year Treasury yield US10YT=RR is edging lower. However, both the Dow .DJI and Nasdaq Composite .IXIC are not far from their record closes.

The Dow ended Tuesday down just 0.54% from its 48,704.01 December 11 record closing high, while the Nasdaq finished down 1.66% from its 23,958.48 October 29 record closing high.

Among other indexes that scored record closing highs on Tuesday were the S&P 500 Financial Sector .SPSY, the S&P 500 Banks Index .SPXBK, the NYSE Composite .NYA, the large-cap Russell 1000 Index .RUI, and the Philadelphia Gold/Silver Index .XAU.

The S&P 500 Industrial Sector .SPLRCI, the Nasdaq Biotech Index .NBI, and the S&P 100 Index .OEX ended Tuesday down just 0.15%, 0.35%, and 0.54% from their record closing highs.

Of note, the three main indexes have now risen four days in a row. These indexes last rose five straight days in late November.

Here is a premarket snapshot:

(Terence Gabriel)

EARLIER ON LIVE MARKETS:

"STAY ALERT": SILVER RALLY SPARKS CORRECTION TALK CLICK HERE

STOXX NEAR RECORD WITH TRADERS IN HOLIDAY MOOD CLICK HERE

BEFORE THE BELL: FESTIVE TRADING, BUT M&A KEEPS GOING CLICK HERE