Equity Alert
US indices end higher Tue as rally in tech stocks continues
This story was originally published at 07:51 IST on 24 December 2025
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Equity Alert: US indices end higher Tue as rally in tech stocks continues
MUMBAI--0733 IST--US equity indices ended higher on Tuesday, with the S&P 500 closing at a record high, supported by a rally in artificial intelligence-related stocks. US GDP data for the third quarter came in well above expectations, prompting investors to bet on lower chances of interest rate cuts by the US Federal Reserve. The Dow Jones Industrial Average ended 0.2% higher and the Nasdaq Composite ended 0.6% higher Tuesday.
The commerce department said that US GDP expanded at a 4.3% annualised rate in the third quarter, the most since the third quarter of 2023, Reuters reported. This print was also above the 3.3% estimate of economists polled by Reuters. According to the CME Fedwatch tool, there is an 85.6% chance of status quo by the Federal Reserve in January, while the odds of a rate cut are 14.4%.
AI-related stocks fell last week due to a selloff triggered by concerns about inflated valuations and worries that high capital spending by technology companies would exert pressure on their profits. The stocks rebounded and added to gains in the indices in the holiday-shortened week, as per the Reuters report. Tech giant Nvidia rose 3%, the biggest boost to the S&P 500 index. Stocks of Amazon, Alphabet, and Broadcom rose over 1?ch.
Following are the closing levels of US indices Monday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6909.79 |
0.46 |
|
NASDAQ Composite |
23561.84 |
0.57 |
|
Dow Jones Industrial Average |
48442.41 |
0.16 |
(Adhithya Aji)
US$1 = INR 89.65
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
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