Wall Street points higher early Monday as markets try to shake off holiday funk WSOC TV [Video]

Wall Street pointed higher before the opening bell on Monday, taking back some of its post-Christmas losses as markets prepare to kick off the first full trading week of 2025.

Futures for the S&P 500 rose 0.8% and futures for the Dow Jones Industrial Average rose 0.4%. The tech-heavy Nasdaq was up 1%.

Nippon Steel and U.S. Steel on Monday filed a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel. Nippon shares fell 0.8% in Tokyo on Monday, while U.S. Steel shares jumped 3.6% in premarket.

The suit, filed in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ due process. Japanese leaders have also said there is scant evidence that the merger would create a security concern for the U.S.

“We need to have a clear statement as to why there are security concerns, otherwise we will not be able …