AI Bubble Fears Meet Record Highs: S&P 500 Near 7,000 as Big Tech’s AI Spending Surge Dominates December 26, 2025
The S&P 500 closed out 2025 near a record, less than 1% from 7,000, after an eighth straight monthly gain. Technology stocks cooled since November, but gains in financials, transports, healthcare, and small caps offset the dip. The Fed cut rates by 75 basis points in 2025, bringing its benchmark to 3.50%–3.75%. Gold and silver hit new highs, with silver topping $75 per ounce for the first time.