NEW YORK, January 1, 2026, 16:55 ET — Market closed
- S&P Global shares last closed down 0.97% at $522.59 in the final U.S. session of 2025. Finviz
- The move tracked a broader year-end dip in U.S. stocks amid holiday-thin trading. Reuters
- Investors are looking toward February for the company’s next outlook update and early-2026 signals on rates and credit issuance. SP Global+1
S&P Global Inc (SPGI) shares last closed down 0.97% at $522.59 in the final regular U.S. trading session of 2025, as U.S. markets remained closed on Thursday for the New Year’s Day holiday. Finviz
The setup matters because Friday’s reopening marks the first chance for investors to reprice rate expectations and corporate borrowing appetite in 2026 — two macro levers that can quickly change the outlook for market-data and ratings companies.
S&P Global, which houses businesses spanning credit ratings, market intelligence and S&P Dow Jones Indices, earns fees tied to debt-market activity and financial-market benchmarks used by investors and traders. Reuters
The stock’s year-end drop came as the broader market finished 2025 on a softer note, with the S&P 500 slipping 0.74% on Wednesday in light trading. Reuters
Other data-and-exchanges names also fell into the close: Moody’s dropped about 0.9%, MSCI slid roughly 1.5%, Intercontinental Exchange lost about 0.7% and Nasdaq Inc eased around 1%.
For S&P Global, investors often map the next move to the rate and issuance backdrop. Bond issuance — companies selling new debt to investors — tends to lift demand for credit ratings and related data, while market volatility can influence index-linked trading and analytics demand.
In October, S&P Global raised its annual earnings forecast on what it described as strong bond issuance activity that boosted its ratings business, sending the shares higher at the time. Reuters
The company’s index unit also published fresh housing data this week, with the S&P Cotality Case-Shiller U.S. National Home Price Index showing a 1.4% year-on-year gain for October. “October’s data show the housing market settling into a much slower gear,” said Nicholas Godec, head of fixed income tradables and commodities at S&P Dow Jones Indices. News Release Archive
That kind of macro read-through can matter for rate expectations: weaker housing momentum can reinforce the case for easier policy, while sticky inflation or resilient growth can push yields up — and shift the cadence of borrowing and refinancing activity.
Ahead of Friday’s open, technicians will note that SPGI ended at $522.59, about 10% below its 52-week high of $579.05 and about 22% above its 52-week low of $427.14. The stock also closed below its prior close of $527.69. Finviz
The next major company catalyst is its fourth-quarter report, when management is expected to lay out 2026 financial guidance; S&P Global has said it does not expect to provide 2026 guidance until that February update. SP Global
Earnings calendars currently point to an estimated report date of Feb. 10, though Nasdaq notes the timing is algorithm-derived and the company has not confirmed a date. Investors will be focused on commentary around ratings issuance volumes, subscription growth in Market Intelligence and the trajectory of its index and commodity-data businesses. Nasdaq
