US stocks rise at the start of a holiday-shortened week
[December 23, 2025] By
DAMIAN J. TROISE
NEW YORK (AP) — Stocks rose on Wall Street Monday to open what's
expected to be a relatively calm holiday week.
The gains were broad. Technology companies and banks did much of the
heavy lifting. Industrial companies also gave a strong push to major
indexes.
The S&P 500 rose 43.99 points, or 0.6%, to 6,878.49. The Dow Jones
Industrial Average rose 227.79 points, or 0.5%, to 48,362.68. The Nasdaq
composite rose 121.21 points, or 0.5%, to 23,428.83.
Smaller company stocks did particularly well. The Russell 2000 index
outpaced other major indexes with a 1.2% gain.
The gains also helped major indexes push further into winning territory
for the month as a choppy December nears its end. Technology companies,
especially those focused on artificial intelligence, have been the main
force behind the market's oscillations. The direction of AI-related
stocks will likely determine whether the market closes out December with
gains or losses.
“If a Santa Claus rally does kick in this year, St. Nick’s gift bag will
likely need to be full of positive tech sentiment,” wrote Chris Larkin,
managing director of trading and investing at E-Trade from Morgan
Stanley.
Nvidia, which has had a big role in driving the broader tech sector
higher this year, rose 1.5%. JPMorgan was among the bigger winners in
the banking sector with a 1.9% gain.
Uber rose 2.5% and Lyft rose 2.7% after announcing plans to bring
robotaxi services to London next year.
Paramount Skydance rose 4.3%. The company sweetened its hostile takeover
bid for Warner Bros. Discovery with an “irrevocable personal guarantee”
from Larry Ellison, the founder of Oracle and father of Paramount CEO
David Ellison. He is putting up billions of dollars to back the deal as
part of the latest move in Paramount's bidding war against Netflix.
Warner Bros. Discovery rose 3.5% and Netflix fell 1.2%.
Dominion Energy fell 3.7% after the Trump administration said it is
pausing leases for five large-scale offshore wind projects. They include
Dominion's Coastal Virginia Offshore Wind project.
Gold and silver touched records and oil prices jumped after the U.S.
Coast Guard said it was pursuing another sanctioned oil tanker in the
Caribbean.
Gold prices rose 1.9% to settle at $4,469.40, adding to its consistent
gains throughout the year. Silver rose 1.6%.
Crude oil prices in the U.S. rose 2.4% to $58.01 a barrel. Prices for
Brent crude oil, the international standard, rose 2.6% to $62.07 a
barrel.
Treasury yields edged higher in the bond market. The yield on the
10-year Treasury rose to 4.16% from 4.15% late Friday.
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James Denaro works on the floor at the New York Stock Exchange in
New York, Wednesday, Dec. 10, 2025. (AP Photo/Seth Wenig)
 Asian markets rose, and European
markets slipped.
Markets in the U.S. will close early on Wednesday for Christmas Eve
and remain closed on Thursday for Christmas. The short week for
trading includes several economic reports that could shed more light
on the condition and direction of the U.S. economy.
On Tuesday, the government releases the first of three estimates on
gross domestic product, a reflection of how the broader U.S. economy
fared in the third quarter. On Wednesday, the Labor Department will
release its weekly data on applications for jobless benefits, which
stands as a proxy for U.S. layoffs.
The Conference Board offers up results from its December consumer
confidence survey on Tuesday as well.
The upcoming reports follow a mix of updates last week that show
inflation remains elevated and consumer confidence has diminished
over the last year. Overall, the job market has been slowing and
retail sales have weakened.
The ongoing and wide-ranging U.S. trade war has been hanging over
consumers and businesses already squeezed and worried by higher
prices. The mix of stubbornly high inflation and a weaker jobs
market has also put the Federal Reserve in a more difficult policy
position moving forward.
The Fed has cut its benchmark interest rate at its last three
meetings, despite inflation that has remained stubbornly above its
2% target. Fed officials have grown increasingly concerned about the
slowing job market, pushing them to trim rates. Cutting interest
rates to bolster the economy because of a weak job market could fuel
inflation, however.
Wall Street is mostly betting that the Fed will hold steady on
interest rates at its meeting in January.
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Elaine Kurtenbach and Matt Ott contributed to this story.
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