US stock futures are showing slight gains before a shortened trading session ahead of the Christmas holiday.

The S&P 500 futures are up 0.1%, while Nasdaq futures have risen by 0.2%. The Dow Jones Industrial Average futures remain mostly unchanged.

After recent fluctuations influenced by Federal Reserve actions, the markets are expected to approach their record highs following significant gains on Friday and Monday. Investors are reevaluating the trajectory of interest rates for the upcoming year, with expectations of two holds at the Fed's January and March meetings and uncertainty surrounding May.

Tech stocks, particularly Nvidia, are still in focus, with the company experiencing a more than 3.5% increase on Monday. Nvidia's stock has surged approximately 180% in 2024, but there may be challenges ahead in 2025.

Trading will conclude early today at 1 p.m. ET, and the markets will be closed tomorrow for Christmas Day.