More Stories

Informist, Monday, Dec. 29, 2025                                      Tel +91 (22) 6985-4000

---

Equity Alert: US indices close tad lower Fri; S&P 500 hits record high

 

MUMBAI--0732 IST--US equity indices ended slightly lower Friday, with the S&P 500 index closing lower after hitting a new all-time high of 6945.770 points. The index snapped a five-day winning streak in which it gained over 3%. The indices are seeing what is known as a Santa Claus rally, in which indices see a surge between the last five trading days of a year and the first two days of the new year. 

 

"People are taking profits here and there, or buying on lows, but there's not a lot of information. You're not getting corporate profit results. You're not getting a lot of economic data, so it's probably just more technicals and positioning heading into here," Tom Hainlin, national investment strategist at US Bank Asset Management, was cited as saying in a report by CNBC. According to Hainlin, the broadening seen by the markets was a trade in play for the new year, with the record high seen by the S&P 500 index due to a push in cyclical areas, financials and industrials, rather than technology stocks. 

 

"We had a very strong five-day rally, so in a way we're just simply catching our breath today after the holiday," Ryan Detrick, chief market strategist at Carson Group in Omaha, was cited as saying in a report by Reuters. "There are still a few days left for the Santa Claus rally, so there is still a more upward bias going forward," Detrick said.

 

The three major indices are on track to record double-digit percentage gains for the year, led by the NASDAQ, the report said. This, Detrick said, was a reminder that volatility was the price needed to be paid for the solid gains seen in the last three years.  

 

Following are the closing levels of US indices Friday:

 

Index	Level	Change in %
S&P 500	6929.94	(-)0.03
NASDAQ Composite	23593.097	(-)0.09
Dow Jones Industrial Average	48710.97	(-)0.04

 

(Akshat Saksena)

 

US$1 = INR 89.85

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.