“U.S. equities are stuck in a holding pattern as trading volumes dry up following the holiday break,” Stephen Innes of SPI Asset Management said in a commentary. “Liquidity remains razor-thin, and market moves appear more about year-end housekeeping than aggressive positioning.”

BANGKOK — (AP) — 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.

Indexes fell in their first trading day after Christmas as traders hope for a so-called Santa Clause rally to propel markets higher into the new year.