The S&P 500 reached a new intraday record high on Wednesday, fueled by broad-based gains across sectors in a holiday-shortened Christmas Eve trading session, as what looks like a classic Santa Claus rally begins. The benchmark index closed at 6,909.79, extending its 2025 advance to more than 17%, as investors cheered the release of third-quarter U.S. GDP data showing much-stronger-than-expected growth of 4.3% annualized fueled by resilient consumer spending and exports. This upbeat reading reinforced bets on Federal Reserve interest rate cuts in the new year Reuters:
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Wednesday, December 24, 2025
As Santa Claus rally begins, S&P 500 hits record high
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