Overview
- The S&P 500 fell 0.7% to 6,845.50, the Dow dropped 0.6% to 48,063.29, and the Nasdaq lost 0.8% to 23,241.99 on the final trading day.
- For 2025, the S&P 500 rose 16.4%, the Nasdaq gained 20.4%, the Dow added 13.0%, and the Russell 2000 advanced 11.3%.
- A rise in the 10-year Treasury yield to roughly 4.13% and very light holiday liquidity weighed on equities.
- Exchange volume totaled about 11.17 billion shares versus a recent 20-day average of 15.8 billion, reflecting a muted year-end tape.
- An AI-fueled advance concentrated gains in mega-cap tech, with Nvidia up about 39% this year and reaching roughly a $5 trillion valuation.