Dow Jones consolidates positions ahead of the Christmas Rally. S&P 500, looking for new highs

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By Jack Ferson

At the opening of this Friday, the DOW JONES Ind Average that cuts positions, 0.06% to 48,709 points, the S&P 500 that seeks to surpass highs with advances of 0.02% to 6,933 points and the NASDAQ that rises 0.07% to settle at 23631 points.

The indicators come from a Christmas Eve marked by the record levels set by the S&P 500 and the Dow Jones industrials.

Specifically, the gauge rose 0.32% to 6,932.05, while the 30-stock Dow rose 288.75 points, or 0.60%, to 48,731.16. The Nasdaq Composite also posted gains, advancing 0.22% to close at 23,613.31, before the Christmas break.

All this with good prospects and feelings from investors, Although the truth is that, in today’s session the business volume will be low, absent of big news and even more so looking at 2026 on which the analysts are already speaking.

Jeremy Siegel, professor emeritus at Wharton and chief economist at WisdomTree, expects moderate gains for the S&P 500 next year, potentially ranging between 5% and 10%

“While the S&P 500 might not perform as well over the past two or three years, an equal- or average-weighted stock performance could perform better in 2026 than we’ve seen in a long time,” he said in a statement to CNBC, adding that smaller companies trade at valuations he considers “cheap in today’s world.”

Today macroeconomic data is not expected to be known either waiting for the final stretch of this 2025 stock market on Wall Street next week.

So far this year, the DOW JONES Ind Average has accumulated gains of 14.54%, with the accumulated gain for the last week of 1.63%, the S&P 500 has risen 17.86% and 3.13% in the last five trading days. For its part, the Nasdaq OMX advances 22.28% in its cumulative total in 2025 and 4.05% in the trading week.

During this short week, the S&P 500 rose 1.4%, putting the benchmark index on track for its fourth weekly gain in five weeks. The Dow and Nasdaq are also up more than 1% so far this week.

Investors are still waiting the long-awaited ‘Santa Claus Rally’‘, as it is called there, an end-of-year stock market rally that occurs between the last five trading days and the first two of the new year. This year, this occurs from the opening of the market December 24th to January 5th.

Thomas Martin, the Global Investmentsanticipates a quiet period until the end of the year due to lower trading volume.

“2025 is coming to a close with more positives than negatives this year,” wrote Mark Newton, director of technical strategy at Fundstrat. “While the common narrative revolves around an “AI bubble” and tariff fears, along with volatility that could surround another government shutdown or tariffs and inflation, U.S. stocks have largely ignored all of these fears through the end of 2025.”

Among the news to take into account, pay attention to some of the big ones, who proliferated with profits on the 24th due to the surprising increase of the annualized GDP for the third quarter in its first reading up to 4.3%.

In terms of news, NVIDIA will take care of will license key technology from AI chip maker Groq and hire key staff from the startupas announced by Groq. This followed a report that the Dow tech giant would pay $20 billion for Groq. Nvidia shares rose slightly Thursday evening.

Groq has signed a non-exclusive licensing agreement with Nvidia for the startup’s inference technology, as reported by the company in a press release. As part of the deal, Groq founder and CEO Jonathan Ross, President Sunny Madra and other Groq employees will join Nvidia. The value rises slightly in pre-opening.

Alphabet-A is also in the news, because it has just presented a change for obsolete email addresses and change them to gmail, without losing data. And it appears on the Google help page, but for now, it will start in India.

Micron Technolog and Sandisk. Shares of digital memory companies rose after DigiTimes reported, citing industry sources, that Samsung Electronics and SK Hynix are raising prices for their high-bandwidth fifth-generation 3E memory chips by nearly 20% for deliveries in 2026. Micron Technology rose nearly 2%, while SanDisk rose 4%.

Already in fixed income, returns turn positive, with increases for the yield of the 10-year American bond that is listed at 4.136% while gaining just over half a percentage point. The two-year Treasury bond, on the other hand, moves lower with a profitability of 3.498%.

Regarding the oil market, falls West Texas is trading with advances of 0.77% since the first hour in the future of the barrel up to 57.88 euros.

While Gold moves again to highs like silver, platinum and a strong rise in copper, in the raw materials markets. It marks a high of $4,564 per ounce, but is currently rising 1.34% and places its price at $4,563 per ounce.

The dollar index, It gains traction and stands at 98 after rising 0.03%. And the Euro-Dollar ratio barely marks any changes, although it rises for the single currency by 0.07%, so the exchange rate remains at the opening at 1.1788 units.

And Bitcoin, gaining positions, advanced 1.32% to $88,881 per asset.

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