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.

Stocks edged lower on Wall Street Thursday morning as U.S. markets reopened for trading after the Christmas holiday. The S&P 500 fell 0.2%. The benchmark index is coming off a three-day winning streak.

Futures tied to major indexes ticked lower early Thursday, suggesting stocks could come under a little pressure when markets reopen after Christmas Day.Contracts linked to the Dow Jones Industrial Average,