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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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Ukraine Drone Strikes Hit Moscow, Trigger Fire in Tula Region

                                            Tula lies directly south of the Moscow

Russian authorities reported that Ukrainian drones launched overnight attacks on Moscow, with debris from the downed aircraft sparking an industrial fire in the Tula region, located south of the capital.

  • Moscow Mayor Sergei Sobyanin confirmed that at least three drones aimed at the city were intercepted by air defenses. Emergency services were dispatched to the crash sites, though no immediate damage or casualties were reported.
  • Russia’s civil aviation authority announced that two of Moscow’s four major airports temporarily restricted operations due to the attacks.
  • The Russian Defense Ministry claimed its air defense units destroyed 172 Ukrainian drones overnight, nearly half of them over regions bordering Ukraine.
  • In Tula, local officials said debris from a drone caused a fire at an industrial site. Reports from residents suggested the facility may have been a synthetic rubber plant, though authorities have not confirmed the exact target.

The strikes underscore Ukraine’s continued use of long-range drones to pressure Russian infrastructure and disrupt operations deep inside Russian territory. While Moscow has downplayed the damage, the attacks highlight vulnerabilities in Russia’s industrial and aviation sectors.


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