Dow Jones Industrial Average (DJIA) Outlook: Santa Rally Watch, Fed Signals, and Key Levels After 48,134 Close (Dec. 21, 2025)
The Dow Jones Industrial Average (DJIA) is heading into the Christmas trading week with a familiar end‑of‑year mix: upbeat annual performance, a choppy December tape, and a market narrative that keeps pivoting between “Santa rally” optimism and late‑cycle caution. The Dow last closed at 48,134.89 on Friday, finishing the day higher but ending the week modestly lower as investors weighed fresh inflation data, AI‑linked volatility, and a Federal Reserve outlook that’s becoming more contested inside the central bank itself. Reuters+1 Dow Jones today: strong year, uneven December In 2025, the big picture still looks constructive. The blue‑chip Dow is up