Stock Futures Signal More Gains on Christmas Eve
The stock market will close at 1 p.m. ET today
The holiday-shortened week started with another record close, and Dow Jones Industrial Average (DJI) futures are set to add more gains this morning. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also on pace for positive opens today, although the news slate is bare and trading volume is likely to be low, with markets closing at 1 p.m. ET for Christmas Eve.
Continue reading for more on today's market, including:
Breaking down some interesting Lyft options trading.Options bulls are targeting PepsiCo stock ahead of the holidays.Plus, a lofty price-target hike for AMD; Boeing suspends 737 supplier shipments; and Spirit orders more Airbus. 
5 Things You Need to Know Today
The Cboe Options Exchange (CBOE) saw 1.18 million call contracts traded on Monday, compared to 640,391 put contracts. The single-session equity put/call ratio stayed at 0.54, while the 21-day moving average fell to 0.58. Advanced Micro Devices, Inc. (NASDAQ:AMD) stock is up 1% in electronic trading, after RBC upped its price target to $53 from $50, citing the chipmaker's gaming and data center businesses. AMD is fresh off an 18-year high of $45.62 yesterday, and has more than doubled in 2019. After a big day yesterday, Boeing Co (NYSE:BA) is in the news once more, this time after the company reportedly contacted suppliers about suspending parts shipments for one month starting in January for its grounded 737 MAX airliner. BA remains above its year-to-date breakeven point. The shares of Spirit Airlines Incorporated (NYSE:SAVE) are up ahead of the bell, after the airliner placed an order for 100 Airbus jets through 2027. Spirit stock is up 13% this quarter, but has run headfirst into resistance at its 160-day moving average.Only weekly crude inventories are expected today.
Overseas Markets Get Holiday Boost
Markets in Asia were mixed during a relatively quiet trading session. Hong Kong's Hang Seng closed early for the Christmas holiday, with a 0.2% drop, while the Shanghai composite tacked on 0.7%. Meanwhile, a pop in Apple stock, following a price target hike from Wedbush, is rocking some big Asian tech names, including Japan-based Taiyo Yuden, which got a boost on the bull note, and Korea-based LG Display, which slipped. The respective markets responded, with the Nikkei adding 0.04%, and the Kospi losing 0.6%.
Markets in Europe have closed early for Christmas, with mostly positive results, as geopolitical tensions continue to ease. The London FTSE 100 grabbed a 0.1% win, brushing off a big drop from NMC health following its Monday surge, while the French CAC 40 inched 0.01% higher. The German DAX was the exception, shedding 0.1%.