Dow Jones Industrial Average (DJIA) Outlook: Santa Rally Watch, Fed Signals, and Key Levels After 48,134 Close (Dec. 21, 2025)
The Dow Jones closed at 48,134.89 on Friday, ending the day higher but the week slightly lower amid inflation concerns and volatile tech stocks. The index is up over 13% year-to-date, marking one of its strongest multi-year runs. December trading has been uneven, with attention now on the upcoming “Santa Claus rally” period. Trading volume is expected to be light during the holiday-shortened week.