Every year, investors look forward to the “Santa Claus rally,” a period that encompasses the final five trading days of December and the first two trading days of the new year. Since 1950, the S&P 500 has gained, on average, 1.3% during this stretch, while finishing higher nearly 80% of the time, according to Dow Jones Market Data.

U.S. equity futures moved higher in early Thursday trading as investors looked to kick-off the new year by snapping a four-day losing streak powered once again by megacap tech stocks and steady Treasury bond yields.