The biggest gainer is Broadcom's stock, which was charging up 5.4%. The stock had gained 1.1% on Friday to snap a 3-day losing streak that started after it closed at a record $250 on Dec. 16. The so-called Santa Claus rally could get off to a late start this year. But better late than never.

US stocks traded mixed on Monday, with investors eyeing a potential year-end rally and the path for interest rates in 2025. The S&P 500 and Dow Jones Industrial Average slumped in the early morning, while the tech-heavy Nasdaq Composite was in the green.

European stocks bounced around Monday while US equities shook off early weakness to push higher as investors waited to see if a so-called Santa Claus rally sweeps over the market.

Shares mostly gained in Asia on Monday after U.S. stocks capped a mostly dismal week with a broad rally that still left the benchmark S&P 500 down 2% for the week. U.S. futures and oil prices advanced.

Wall Street's major market indices have kicked off the holiday-shortened trading week on a mixed note as investors ready themselves for the 2025 trading year. As the trading day progresses, the financial community has seen a downward shift in the blue-chip Dow (DJI) as the index dipped 0.