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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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U.S. Pledges Support for Israel Amid Iran Drone Attack



In a significant development, the White House has announced its commitment to providing unspecified support for Israel’s defense against an ongoing airborne attack from Iran. National Security Council spokesperson Adrienne Watson stated, “The United States will stand with the people of Israel and support their defense against these threats from Iran”.

The situation escalated when Iran launched a number of drones toward Israel, with the aircraft expected to arrive in the coming hours. Israel’s military, however, remains prepared to counter this threat .

The vessel targeted in the attack was described as being “seized by regional authorities” in the Gulf of Oman off the Emirati port city of Fujairah. Although Iran has not immediately acknowledged seizing any vessel, it has a history of ship seizures and attacks attributed to it amid ongoing tensions with the West over its rapidly advancing nuclear program .

As the situation unfolds, the world watches closely, and Israel braces for potential further actions. The U.S. commitment to supporting its ally underscores the gravity of the situation and the need for vigilance in the region.

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