Overview
On the last trading day of 2025, U.S. stocks closed slightly lower. Despite year-end declines, the S&P 500 and Nasdaq indices each posted annual gains of 16% and double digits, respectively, thanks to a strong recovery following tariff-related volatility earlier in the year.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News Story
One of today's notable movements was Google's stock, which soared 65% throughout the year, outperforming its peers in the Magnificent 7. Nvidia followed with a 39% increase. Conversely, despite gold recording its best performance since the 1970s, it ended the year on a downtrend. Due to increased volatility, the CME Group raised the margin requirements for precious metals futures for the second time in a week.
In labor market news, the U.S. jobless claims reported 199,000 cases, a record low for the year but possibly influenced by seasonal adjustment uncertainties. Analysts noted 2025 as a resilient year, overcoming high inflation, labor market pressure, and unexpected tariff increases. Economic resilience defines the year, with enough market strength to handle upcoming tariff changes anticipated in 2026.
Economic Indicators for Tomorrow
| Time | Data |
|---|---|
| 11:45 PM | U.S. S&P Global Manufacturing PMI |
General Opinion
The year 2025 presented multiple economic challenges, yet the market demonstrated strong resilience and posted significant gains. Though some year-end corrections were observed, these are seen as natural in a low liquidity environment. Market analysts suggest the lack of typical year-end window dressing is an intriguing signal, with the market showing sustained strength even as the year closes.
