S&P 500 Makes Record Break as Wall Street is on Track to Strong Weekly Closing

The S&P 500 breached a new record high on Friday as American stocks continued to enjoy gains after the Christmas holidays. This is bringing Wall Street towards a positive week.

During the midday trading session, the broader market index dropped by a mere 0.1%, with the Nasdaq Composite falling 0.2% and the Dow Jones Industrial Average down by about 70 points, representing a 0.2% drop.

Nevertheless, despite this slight correction, the S&P 500 is still more than 1% higher for the week and is already its fourth consecutive week of gains in five weeks. This is because the Dow and the Nasdaq are also more than 1% higher for the week.

It comes after a record-setting session that took place earlier in the week. On Wednesday, the S&P 500 traded to new intraday and closing all-time highs before market close on Thursday due to the holiday for Christmas.

"The year 2025 is ending on more positive than negative notes," said Mark Newton, the technical strategy chief at Fundstrat. "While talk about an AI bubble, tariffs, inflation, and even government shutdowns persists, it seems U.S. stocks are not paying too much attention to warning signs at the end of the year."

Investors are also entering a seasonally favorable period, informally known as the “Santa Claus Rally.” This period comprises the last five days in the old year and the initial two days of the new year. According to the Stock Trader’s Almanac, the S&P 500 has a historical performance gain of 1.3% during the Santa Claus Rally period since 1950.

To start the day, the S&P 500 has reached an intraday record, increasing 0.2% to 6,945.77, building on its week-long gains, which topped

The markets opened without much change, although the S&P 500 and Nasdaq briefly traded above break-even levels shortly after the opening bell, while the Dow slightly retreated. Under individual stock, Oracle has struggled with its new leadership. The stock of the software giant is down 30% in the current quarter, making it poised to have its largest quarterly decline since the dot-com bust in 2001. Concerns surrounding Oracle’s capacity to add to server capacity for OpenAI have grown among investors, despite their agreement in September that involves spending over $300 billion.