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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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Cyprus Leaders Discuss Opening New Crossing Points Along 1974 Ceasefire Line


 Leaders of war-divided Cyprus said on Monday they supported opening further crossing points along the 1974 ceasefire line splitting the island to meet popular demand, and would work with the United Nations towards that objective. President Nikos Christodoulides, the Greek Cypriot leader, and Turkish Cypriot leader Ersin Tatar discussed the modalities of new checkpoints at a rare meeting hosted by the United Nations in the divided capital Nicosia. 

Despite mutual support for further openings, the leaders did not announce any immediate measures to ease movement across the truce line, indicating continued disagreements. The leaders believe that the opening of new crossing points is critical to promote people-to-people contacts, strengthen economic ties, and build trust. 

Another meeting is scheduled in the coming days to continue discussions. The push for additional checkpoints follows months of negotiations focused on where and how many checkpoints should open in addition to the nine crossings used by thousands daily along a 180-km (116-mile) ceasefire line. 

It is estimated that more than a million people use the checkpoints to cross each year either for employment, education, or personal reasons. The first pedestrian crossing was opened in April 2003 after almost three decades of isolation. 

Greek Cypriots say they do not object to opening one checkpoint advocated by Turkish Cypriots in the east of Nicosia, the island's ethnically-split capital. They say that in a spirit of reciprocity, Turkish Cypriots should agree to opening a checkpoint which Greek Cypriots want. 

The leaders' joint statement emphasized the importance of opening new crossing points to promote people-to-people contacts, strengthen economic ties, and build trust. 




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