The most famous stock index attacks seven thousand points at the end of the year
Investors expect the U.S. stock market to end 2025 on a high note. The major indices fared well in late December - in contrast to a turbulent start to the month, when technology stocks weakened due to concerns over artificial intelligence spending.
The S&P 500 index closed at a record high on Wednesday ahead of the Christmas holidays, just about one percentage point shy of reaching the historic seven-thousand-point level. It is also on track for its eighth straight month of gains, which would be its longest monthly winning streak since 2017 to 2018.
Since the start of the year, it has risen nearly 18 percent, while the Nasdaq Composite technology index has gone up 22 percent.
At the start of the new year, investors are focused on when the Fed will cut interest rates further. The U.S. central bank has cut its benchmark rate by 75 basis points to its current level of 3.50 to 3.75 percent during its last three meetings in 2025.
(reuters, sak)