S&P 500, Dow Close at Record High

2025-12-24 18:16 By Andre Joaquim 1 min. read

US stock indices closed higher on a shortened Wednesday session, maintaining the strong momentum from the week amid expectations that the current economic backdrop continues to favor earnings prospects for the upcoming year.

The S&P 500 gained 0.4% and the Dow jumped 0.7%, both at record highs, while the Nasdaq 100 gained 0.3%.

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 underperformed but loosely held the traction from this week despite lingering concerns of exaggerated of AI capital expenditure.

Still, Intel fell 0.5% on reports that Nvidia halted a test that would use Intel equipment for advanced chips.



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