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S&P 500 and Dow Notch Records in Early Christmas Eve Close

Thin holiday trading followed stronger growth data plus fewer jobless claims, keeping the focus on how soon the Fed may cut rates.

Overview

  • The S&P 500 rose 0.32% to a record 6,932.05 and the Dow Jones gained 0.6% to 48,731.16 in an abbreviated U.S. session, with the Nasdaq up 0.22%.
  • U.S. third‑quarter GDP was reported at a 4.3% annualized pace and initial jobless claims fell, reinforcing risk appetite even as investors reassess the rate‑cut timetable.
  • Reports on Mexico’s market diverged, with one outlet citing a slight pullback led by Becle and Peñoles, while another reported a 0.03% gain to a record 65,616.43 for the IPC.
  • Argentina’s exchange opened for a shortened Dec. 24 session with thin liquidity and no major institutions active, as the S&P Merval eked out a 0.2% rise.
  • Precious metals extended gains with gold and silver at new highs, and crude prices advanced during the low‑volume holiday trade.