Futures tied to the Dow Jones Industrial Average and S&P 500 were down 0.3% in recent trading, while those linked to the Nasdaq slipped 0.4%. The major indexes rose on Monday and Tuesday ahead of yesterday's Christmas break, a positive start to the Santa Clause rally that investors hope for, as the U.S. market rebounded from last week's downturn .

Dow Jones futures fell modestly Thursday morning, along with S&P 500 futures and Nasdaq futures, after markets were closed for the Christmas holiday. Treasury yields rose.The stock market rally had a solid advance in the half-day Christmas Eve session.

Some of the biggest winners were mega-cap tech stocks, with Tesla up by 6% while Broadcom, Netflix, and Amazon each gained about 2%.

US stock market is entering 'Santa Claus Rally' as Wall Street's indexes S&P 500, Dow Jones Industrial Average, and Nasdaq Composite will look to consolidate.

Markets closed early and volume was thin, but all three main equity benchmarks closed higher on Tuesday to mark the official start of the Santa Claus Rally. Indeed, the tech-heavy Nasdaq Composite and the broad-based S&P 500 had their best Christmas Eve showings since 2000 and 2011,