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Stock impact report

Dow gains almost 500 points, S&P 500 ends shy of record high after Fed's final rate cut of 2025 bolsters case for early start to ‘Santa Claus rally' [Yahoo! Finance]

Siebert Financial Corp. (SIEB) 
US:NASDAQ Investor Relations: siebertnet.com
Company Research Source: Yahoo! Finance
Reserve's decision to deliver a final quarter-point rate cut for 2025, which gave investors optimism that equities can keep climbing through year's end. The Dow DJIA rose 497.46 points, or almost 1.1%, to close at an almost one-month high of 48,057.75, while the S&P 500 SPX advanced 46.17 points, or 0.7%, to end at 6,886.68, or just shy of its 6,890.89 record close reached on Oct. 28. Meanwhile, the Nasdaq COMP lagged, finishing up by 77.67 points, or 0.3%, at 23,654.16, the highest level since Nov. 3. Wednesday's policy decision by the central bank bolstered investor confidence about the three-year rally in stocks, which has thrived despite uncertainty around inflation, the U.S. deficit, a weakening labor market and higher long-term borrowing costs for households and the economy. Stocks also have benefited from a backdrop where strong corporate-earnings growth, the promise of AI, and stimulus expected next year from President Donald Trump's signature tax and spending package co Show less Read more
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