Equity Alert
US indices end higher Wed; S&P 500 closes at new record high
This story was originally published at 07:53 IST on 26 December 2025
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Equity Alert: US indices end higher Wed; S&P 500 closes at new record high
MUMBAI--0731 IST--US equity indices closed higher Wednesday, with the S&P 500 ending at a new all-time high. The index rose 0.3% to 6932.05 points. Investors continue to hope for the Santa Claus rally, a year-end stock market surge that occurs between the last five trading days of the year and the first two trading days of the New Year. This year, it is from Dec. 24 to Jan. 5.
The Dow Industrial Average ended 0.6% higher and the Nasdaq Composite closed 0.2% higher. Shares of the sports shoemaker, Nike, were among the top gainers after Tim Cook, chief executive officer of Apple Inc., said \he bought shares in the company. The stock ended 4.6% higher. Micron Technology rose 3.8% and shares of the investment banking company Citigroup rose 1.8%, CNBC reported.
On Tuesday, the US Commerce Department issued its third-quarter reading of GDP, that came in at 4.3%, which is higher than the estimate of 3.2% from Dow Jones, as per the CNBC report. The report had been delayed due to the government shutdown in autum. Only a few traders currently expect an interest rate cut in the upcoming Fed meeting on Jan. 28, with an 84.5% probability of interest rates remaining unchanged. On the other hand, 15.5% of traders expect a rate cut, the data from CME FedWatch tool showed.
Following are the closing levels of US indices Wednesday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6932.05 |
0.32 |
|
NASDAQ Composite |
23613.307 |
0.22 |
|
Dow Jones Industrial Average |
48731.16 |
0.6 |
(Adhithya Aji)
US$1 = INR 89.79
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Tanima Banerjee
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