S&P Global (SPGI) Stock After Hours: What Happened on Dec. 23, 2025 — and What to Know Before the Market Opens Dec. 24

NEW YORK — December 23, 2025: S&P Global Inc. (NYSE: SPGI) finished Tuesday’s regular session higher, then eased modestly in after-hours trading as Wall Street pushed to fresh highs in a holiday-thinned market. SPGI closed at $525.14, up 0.62% on the day, after trading between $519.86 and $527.06 with about 1.52 million shares changing hands. ^[1]

In early post-close trading, SPGI slipped into the low-$520s, with one widely watched quote showing $522.08 (-0.60%) shortly after 4 p.m. ET. ^[2] Another extended-hours feed showed SPGI around $523.23 (-0.36%), underscoring how after-hours pricing can move quickly on lighter liquidity. ^[3]

The bigger backdrop: U.S. stocks gained again, with the S&P 500 closing at a record 6,909.79 as investors digested strong growth data and weighed the path of Federal Reserve policy heading into 2026. ^[4]

SPGI after the bell: the numbers investors are watching tonight

Here are the key datapoints shaping the “after-hours” read-through for S&P Global:

Regular-session close (Dec. 23): $525.14 (+0.62%) ^[5]
Day’s range: $519.86 – $527.06 ^[6]
Volume: ~1.52M ^[7]
After-hours direction: modestly lower (low-$520s shortly after the close) ^[8]
Reference 52-week high: $579.05 (Aug. 14, per MarketWatch data) ^[9]

Context on the tape: SPGI’s after-hours dip looks more like positioning and liquidity than a clear, single-stock headline—at least based on what was widely reported Tuesday evening.

Why S&P Global stock moved today (and why it may have cooled after-hours)

1) A record-setting market tone lifted “quality” names

U.S. equities extended a year-end rally, with technology and mega-cap names again helping drive the broader market higher. The S&P 500’s record close came alongside headlines tied to strong economic growth—Q3 GDP reported at 4.3% annualized—even as investors debated how many rate cuts arrive in 2026. ^[10]

SPGI often trades as a high-quality financial data/analytics franchise—the kind of stock that can benefit when markets are constructive and “risk-on” sentiment is intact.

2) “Good news” macro data… with mixed signals underneath

While GDP data surprised to the upside, other signals were more cautious. Reuters reported consumer confidence weakened in December, reflecting concerns around jobs and income. ^[11]

That mix can matter for SPGI because its fundamentals are tied to multiple market engines—debt issuance (Ratings), market activity and AUM-linked fees (Indices), and subscription demand (Market Intelligence, Commodity Insights, etc.). ^[12]

3) Holiday week liquidity can exaggerate after-hours moves

Several reports emphasized light trading volumes heading into Christmas, a setup that can make after-hours prints look “gappier” than usual. ^[13]
When fewer participants are active, it can take less order flow to move a stock a dollar or two—especially post-close.

Today’s SPGI-specific news flow (Dec. 23) to know

Even without a single “one-big-thing” headline tied directly to S&P Global’s corporate results today, there was SPGI-adjacent news from its operating ecosystem:

S&P Dow Jones Indices announced upcoming index changes

A notable S&P Dow Jones Indices release said UiPath is set to join the S&P MidCap 400 (effective Jan. 2, 2026) and Versant Media Group is set to join the S&P SmallCap 600 (effective Jan. 6, 2026). ^[14]

Why it matters for SPGI investors:

These announcements highlight the ongoing activity in index maintenance and methodology—part of the Indices segment that generates recurring, market-linked revenue streams (licensing, data, benchmarks). (Index changes themselves don’t automatically move SPGI, but they reinforce the business “machine” behind the ticker.) ^[15]

S&P Global Ratings had a busy day of rating actions

S&P Global Ratings’ regulatory press-release feed showed numerous rating actions dated Dec. 23, 2025, ranging across municipals, structured finance, and corporates. ^[16]
Not every rating action is market-moving for SPGI shares, but it reflects continued throughput in a segment that benefits when credit markets are active.

Forecasts and analyst outlook: what the Street is pricing in for SPGI

Consensus targets still point above today’s close

Aggregated analyst data tracked by MarketWatch shows:

Average price target: about $607
High target:$650
Low target:$510
Analyst count:~29
Consensus recommendation: roughly 1.38 (on MarketWatch’s scale leaning bullish) ^[17]

Yahoo Finance also lists a 1-year target estimate around $609. ^[18]

Takeaway: Even after a strong close near $525, the consensus target set implies analysts (on average) still see upside, though targets vary widely—important given SPGI’s premium valuation profile.

Next major catalyst: earnings timing and 2026 guidance

Several earnings calendars peg S&P Global’s next earnings report around Feb. 10, 2026 (estimated; the company’s confirmed date can differ). ^[19]

At Investor Day in November, S&P Global also indicated it does not expect to provide 2026 financial guidance until its fourth-quarter earnings in February 2026. ^[20]

What SPGI itself last guided (still relevant in the background)

In its Q3 2025 earnings materials, S&P Global raised full-year 2025 guidance, including:

Revenue growth:7%–8%
Adjusted diluted EPS:$17.60–$17.85
It also referenced expectations for additional repurchases totaling $2.5B in Q4 2025 ^[21]

That framework remains part of the “story investors own” into year-end positioning, even though it wasn’t new news today.

What to know before the stock market opens tomorrow (Wednesday, Dec. 24, 2025)

1) Tomorrow is a shortened session

If you’re planning trades around SPGI (or any U.S. stock) on Dec. 24, the schedule matters:

NYSE and Nasdaq:early close at 1:00 p.m. ET ^[22]
Options: eligible options can run to 1:15 p.m. ET (NYSE guidance) ^[23]
Bond market: industry guidance points to a 2:00 p.m. ET close ^[24]
Full market closure:Dec. 25 (Christmas Day), with markets reopening Dec. 26 ^[25]

Practical implication: With less time and typically thinner participation, price moves can look “choppy,” and spreads can widen—especially right after the open.

2) One key economic print to watch: jobless claims

MarketWatch’s calendar flags Initial Jobless Claims at 8:30 a.m. ET on Wednesday, Dec. 24. ^[26]

Why it matters for SPGI:

Claims data can nudge rates and risk sentiment—which can affect credit issuance expectations and the broader tone for financial-data names.

3) The “Santa Claus rally” narrative is in play—volume is the wild card

Market commentary Tuesday highlighted historically bullish seasonality into the end of the year, but also pointed to unusually low NYSE volume in this holiday stretch. ^[27]
For SPGI, that can translate into:

More sensitivity to index/ETF flows
More “headline drift” (macro headlines moving everything together)
Less reliable signals from very short-term price action

4) SPGI-specific levels traders may reference at the open

Without making a prediction, these are the obvious reference points from today’s tape:

Near-term support reference: Tuesday’s low around $519.86 ^[28]
Near-term resistance reference: Tuesday’s high around $527.06 ^[29]
Bigger-picture ceiling: the cited $579.05 52-week high ^[30]

If SPGI opens outside today’s range, many short-term traders interpret it as a sign that overnight macro (rates/dollar/equity futures) is driving the first move.

The bottom line for SPGI heading into Dec. 24

S&P Global stock closed stronger on Dec. 23 in a record-setting market session, then softened slightly after-hours, consistent with holiday-week liquidity and a post-close pause rather than a clear company-specific shock. ^[31]

Before the bell on Dec. 24, the most important “setup” items are the early-close schedule, the 8:30 a.m. ET jobless claims report, and the reality that low volume can amplify short-term swings. ^[32]

If you want, I can also write an alternate version in a more “Breaking News / wire-style” format (shorter paragraphs, more quote-ready), while keeping the same facts and sources.