Stocks End Year on High Note

US stocks closed the shortened holiday trading week with solid gains, despite a slight dip in the Dow Jones Industrial Average. The S&P 500 and Nasdaq Composite also edged lower but climbed more than one percent over the week. The Dow and S&P 500 hit all-time highs on Christmas Eve, marking the start of the Santa Claus rally period. Investors are optimistic after a rollercoaster year, with the S&P 500 up nearly eighteen percent and the Nasdaq leading the pack with more than a twenty percent rise. Precious metals surged to new records amid geopolitical tensions and a weakening dollar. Traders have dialed back expectations for Federal Reserve rate cuts next year. The markets seem poised to end the year on a strong note, setting the stage for 2026.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.