S&P 500 Rises to New Record High

2025-12-24 14:35 By Andre Joaquim 1 min. read

US stocks were higher on a shortened Wednesday session, holding the upswing from the week amid expectations that the current economic backdrop continues to favor earnings prospects for the upcoming year.

The S&P 500 and the Dow were 0.6% higher, while the Nasdaq rose 0.4%.

Yesterday's third-quarter GDP print was sharply above expectations for an annualized expansion of 4.3%, reflecting robust private consumption and limiting concerns that tariffs hampered spending or triggered a bounce for inflation.

Meanwhile, initial jobless claims fell and outstanding claims jumped, extending the view of low hiring and low firing in a fragmented labor market.

Tech giants loosely held their traction from earlier in the week despite the lingering skepticism that the sector's valuations may be overstretched.

Still, Intel fell 1% down on reports that Nvidia halted a test that would use Intel chips.

Exchanges will close on Thursday for Christmas holidays.



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