NYSE:UHS 4 November 2025 - 28 July 2026

2025 has been a banner year for stocks globally. In the U.S., the S&P 500 and Nasdaq have repeatedly notched all-time highsreuters.com, fueled by strong corporate earnings and easing inflation amid a recent Federal Reserve rate cutmarkets.chroniclejournal.com. The Dow Jones Industrial Average is up ~12% year-to-date, the S&P 500 +16%, and the Nasdaq Composite +22% through the end of Octobermarkets.chroniclejournal.com. European markets have also surged – the Euro Stoxx 600 is up ~25% this yearcore.axa-im.com – and Asian indices hit record highs before a slight pullback on profit-takingreuters.com.