US Stocks Close 2025 Near Records After Turbulent Year
2025-12-31 14:35
By
Joana Ferreira
1 min. read
US stocks were largely unchanged on the final trading day of 2025 as markets wrapped up a volatile year defined by uncertainty over President Trump’s tariffs and excitement around AI-driven growth.
The S&P 500 was little-changed at 6,900 points, near an all-time high and on track to post a 17% gain for the year, its third consecutive double-digit annual advance.
The Nasdaq is set for a 21% rise, while the Dow gained 13%, somewhat restrained by its limited tech exposure.
Despite strong gains, annual returns lagged the rallies of the past two years, as Trump’s “Liberation Day” tariffs sparked a global sell-off in April and clouded the Fed’s policy outlook.
Communication services led sector performance, fueled by Alphabet’s 65% surge, its best year since 2009 and nearing a $4 trillion market cap.
Looking ahead, the Fed’s interest rate trajectory will remain a key driver for global markets in 2026 amid signs of a slowing labor market and expectations of a potentially dovish new Fed chair.