SPY Stock Outlook Today: SPDR S&P 500 ETF Starts December 2025 in the Red as Santa Rally Hopes Meet Fed Jitters
Updated: December 1, 2025 The SPDR S&P 500 ETF Trust (ticker: SPY) is kicking off December near record highs but trading slightly lower in Monday’s session, as Wall Street weighs hopes for a “Santa Claus rally” against fresh volatility, Federal Reserve uncertainty, and stretched valuations. As of late morning in New York, SPY is hovering around $680–$681, down roughly 0.4%–0.6% from Friday’s close of $683.39. That mirrors a broader pullback in U.S. indexes, with the S&P 500 down about 0.4% after opening lower as traders wait on key economic data and a closely watched speech from Fed Chair Jerome Powell