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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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Diplomatic Tensions Escalate: India Condemns Canada’s Expulsion of Diplomats

 


In a significant escalation of diplomatic tensions, India has strongly condemned Canada’s recent expulsion of six Indian diplomats. The Indian government described the move as “preposterous imputations” driven by Canadian Prime Minister Justin Trudeau’s political agenda. This development follows the assassination of Sikh separatist leader Hardeep Singh Nijjar on Canadian soil, which has been a point of contention between the two nations.

Canada’s Foreign Minister, Mélanie Joly, stated that India was asked to waive diplomatic and consular immunity to cooperate in the investigation but refused. In retaliation, India has expelled six Canadian diplomats, further straining the already tense relations between the two countries.

The diplomatic row underscores the complexities and sensitivities surrounding international relations and the impact of domestic political agendas on global diplomacy. Both nations now face the challenge of navigating this crisis while maintaining their respective national interests.

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