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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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Defying Justice: White House Deportations Spark Controversy


The White House has come under fire for deporting hundreds of alleged Venezuelan gang members to El Salvador, despite a federal court order temporarily halting such actions. The deportations, carried out under the Alien Enemies Act of 1798, have raised questions about the administration's adherence to the rule of law and the balance of power between the executive and judicial branches.

U.S. District Judge James Boasberg had issued a 14-day suspension on the deportations, citing concerns over the use of wartime powers to justify the removals. However, the administration argued that the court order was issued after the deportees had already left U.S. soil, rendering it inapplicable. Critics, including legal experts and human rights organizations, have condemned the move as a blatant disregard for judicial authority and due process.

The deportees, alleged members of the Tren de Aragua gang, were transferred to a high-security prison in El Salvador under an agreement with the Salvadoran government. While the administration defends its actions as a necessary measure to protect national security, opponents view it as an overreach of executive power with potentially dangerous implications for constitutional governance.

This incident has ignited a broader debate about immigration policy, executive authority, and the treatment of migrants, particularly those fleeing crisis-stricken nations like Venezuela. The controversy underscores the complexities and tensions inherent in addressing issues of national security and human rights.

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