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Wall Street Holds Steady as S&P 500 Hits Record Ahead of Christmas Break

Market Snapshot – December 24, 2025 Dow Jones Futures: Flat at 48,735 points S&P 500 Futures: Near 6,957 points, little changed after Tuesday’s record close Nasdaq 100 Futures: Slight dip of 0.1% to 25,796.5 points S&P 500 Index: Closed Tuesday at 6,909, its latest all-time high Key Drivers Robust economic growth continues to fuel investor optimism. Seasonal “Santa Claus rally” has lifted stocks for four consecutive sessions. Markets will close early today at 1 p.m. EST and remain shut tomorrow for Christmas Day. Traders remain cautious about inflation and potential Federal Reserve rate cuts in 2026. Quick Take Wall Street enters the holiday season on a high note, with the S&P 500 near the 7,000 mark and futures showing little movement. The shortened trading session means liquidity will be thin, amplifying small moves. Still, the overall tone remains upbeat, with investors betting that the year-end rally will carry into the final days of 2025.
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Arrests Made in $22 Million Gold Heist at Toronto Pearson Airport

 

Peel Regional Police have announced significant breakthroughs in the investigation of the audacious gold heist that took place exactly one year ago at Toronto Pearson International Airport. The daring caper involved the theft of a “high-value container” containing $22 million worth of gold and banknotes from a holding cargo facility after it was taken off an Air Canada plane.

The Heist: A Year Ago

On April 17, 2023, under the cover of darkness, the thieves executed their meticulously planned operation. The stolen cargo, weighing a staggering 400.19 kilograms, included gold bars and US$2 million in cash. The audacity of the heist lay in its simplicity: the perpetrators walked into Air Canada’s cargo facility, presented a false waybill, and nonchalantly left with the enormous haul. The identity of the other financial institution involved remains shrouded in mystery.

Details and Arrests

Peel Regional Police, in collaboration with the U.S. Alcohol, Tobacco, and Firearms Bureau, revealed that arrests have been made in connection with the heist. The joint-task investigation, codenamed Project 24K, has finally yielded results. At 8:30 a.m. ET in Brampton, Chief Nishan Duraiappah, Det-Sgt. Mike Mavity, and Eric DeGree, special agent in charge of the Alcohol, Tobacco, and Firearms Bureau, will provide further details about the arrests and the recovery of the stolen assets.

Inside Help and Organized Crime

Speculation has swirled around the heist, with sources suggesting that the thieves had inside assistance. Some reports even point to South Asian mobsters orchestrating the operation. The stolen gold’s fate remains uncertain, although rumors persist that it was swiftly transported to the Port of Montreal. A lawsuit filed by Brink’s against Air Canada may shed light on the circumstances surrounding the heist. Brink’s alleges that an unidentified individual gained access to Air Canada’s cargo warehouse using fake paperwork, leading to the handover of the gold bars and cash.

As the investigation unfolds, the public awaits further revelations about this audacious crime that captured global attention. The recovery of the stolen gold and the identities of those involved remain central to this gripping saga.

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