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. 1
- The move tracked a broader year-end dip in U.S. stocks amid holiday-thin trading. 2
- Investors are looking toward February for the company’s next outlook update and early-2026 signals on rates and credit issuance. 3
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. 1
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. 4
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. 2
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. 5
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. 6
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. 1
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. 3
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. 7
