Dow Jones Industrial Average Holds Record Close as Wall Street Closes for Christmas: DJIA Santa Rally Watch, Fed Rate-Cut Bets, and 2026 Outlook
The Dow Jones Industrial Average (DJIA) is spending Christmas Day at a fresh record—even though U.S. stock markets are shut today, Thursday, December 25, 2025. The blue-chip Dow Jones index last traded in Wednesday’s shortened Christmas Eve session, when it rose 288.75 points (0.60%) to close at an all-time high of 48,731.16. Reuters That record close is more than a holiday headline. It’s a snapshot of what has defined the market’s late-2025 push: a renewed bid for AI-linked names, resilient (if uneven) U.S. data, and a steady drumbeat of debate about how far the Federal Reserve will go with rate