- Morning Watchlist
- Posts
- Metals Trade Continues Its Bull Run
Metals Trade Continues Its Bull Run
Tom White
December 22, 2025
U.S. stock futures are higher in premarket trading as the shortened holiday week begins. Markets close at 1 PM ET on Wednesday and are closed on Thursday for Christmas, as traders grow more optimistic of a Santa Claus rally into the end of the year.
Wall Street is coming off a mixed week for the major indices. A late-week surge on Thursday and Friday in tech stocks helped lift the S&P 500 (SPX) and Nasdaq-100 (NDX) to their third winning week in four, up 0.1% and 0.6%, respectively.
The 30-stock Dow, which has outperformed this month, fell 0.7%, snapping a three-week winning streak. Gold (/GC) and Silver (/SI) futures are at record highs today and Bitcoin (/BTC) Futures are higher near $90K. With no earnings due this week, investor focus will be on delayed data including Q3 GDP and Durable Goods Orders.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are up about 2% near $57.60 a barrel after officials said the U.S. had intercepted an oil tanker in international waters off the coast of Venezuela, raising fears of supply disruption.
Gold (/GC) – – Gold prices are up over 1.63% and soared to a new all-time high overnight near $4,460. Gold surged past $4,400 an ounce for the first time, driven by expectations of US rate cuts and strong safe-haven demand
Bitcoin (/BTC) – The Crypto Future is up 2% near 90,000 in premarket trading.
VIX – The CBOE Volatility Index was down 11.6% on Friday and settled at 14.91 as stocks were higher.
U.S. Dollar (/DX) – The dollar is down 0.16% to 98.44.
Biggest Premarket Movers (as of 7 AM ET)
Symbol | Product | Mark % Change (Winners) |
|---|---|---|
ORCL | Oracle | +2.52% |
NVDA | Nvidia | +1.79% |
INTC | Intel | +1.66% |
AMD | Advanced Micro Devices | +1.53% |
UBER | Uber Technologies | +1.45% |
Symbol | Product | Mark % Change (Losers) |
|---|---|---|
UNH | UnitedHealth Group | -0.59% |
HON | Honeywell International | -0.56% |
MRK | Merk & Co | -0.29% |
LIN | Linde PLC | -0.25% |
T | AT&T | -0.25% |
Economic Data
Time | Event |
|---|---|
- | None |
Notable Earnings
Premarket | Postmarket | Premarket Tuesday | Postmarket Tuesday |
|---|---|---|---|
N/A | N/A | N/A | LMNR |
Upgrades/Downgrades
Raymond James upgrades Cummins (CMI) to Outperform from Market Perform
Loop Capital upgrades Ollie’s Bargain Outlet (OLLI) to Buy from Hold
Tune in live from 8 a.m. to 5 p.m. ET, or anytime, anywhere, on‑demand.
Or stream it via thinkorswim® and thinkorswim Mobile, available through our broker-dealer affiliate, Charles Schwab & Co., Inc
Please do not reply to this email. Replies are not delivered to Schwab Network. For inquiries or comments, please email [email protected].
See how your information is protected with our privacy statement.
This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.
Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant.
Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.
Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.