US Stock Market Today: S&P 500 Slips After Christmas in Thin Trading—What to Watch Before Monday’s Open
New York time check: Friday, December 26, 2025, 5:03 p.m. ET. With the closing bell already behind us, Wall Street wrapped up a quiet, post-Christmas session near record territory—then shifted quickly back into “year-end positioning” mode. The S&P 500 finished fractionally lower at 6,929.94, while the Dow Jones Industrial Average ended at 48,710.97 and the Nasdaq Composite closed at 23,593.10—all moves of roughly a tenth of a percent or less. AP News The lack of fireworks wasn’t the point. What matters heading into the final three trading days of 2025 is why stocks are still hovering near all-time highs, where