📈 TL;DR — What Moved, What Didn’t
Stocks kept the Santa rally rolling in a holiday-shortened week. Investors leaned “risk-on,” but the leadership was picky: large growth led, while small caps lagged. Tuesday’s Q3 GDP* report showed the U.S. economy grew at a 4.3% annual pace in Q3, and the S&P 500 hit a fresh record close.
Wednesday extended the streak: the S&P and Dow finished at new all-time highs, even with thin trading ahead of Christmas. Gold & Silver reached new records, while the U.S. dollar softened. Meanwhile, ETF flows showed classic year-end rebalancing, with big index redemptions, even as prices held up. Markets are closed today for the holiday.
Quick Levels → Week-to-date change
S&P 500: 6,932.04 | ↑1.43%
Nasdaq 100: 25,656.15 | ↑1.22%
Dow: 48,731.17 | ↑1.24%
Russell 2000: 2,548.08 | ↑0.74%
Gold/oz: $4,479 | ↑3.24%
Bitcoin (BTC): $87,365 | ↓1.45%
DXY (U.S. Dollar Index): 97.95 | ↓0.78%
🚀 Top Movers This Week
Source: Michael Siluk/Alamy
Intuitive Machines (LUNR) ↑11.85% — Closed KinetX acquisition; investors eye 2026 lunar mission cadence. Executive orders aimed at ensuring America’s superiority in space, kept Space-stock momentum strong in thin volume.
Novo Nordisk (NVO) ↑9.30% — U.S. approval of a GLP-1 weight-loss pill (previously only injectable) stoked optimism and sparked a sharp rebound.
Micron (MU) ↑7.81% — Earnings beat and upbeat AI-memory demand kept the chip-upgrade story alive.
Freeport-McMoRan (FCX) ↑5.64% — Copper prices flirted with record highs; Freeport hit a 15-month high on momentum.
Trump Media & Technology (DJT) ↓11.06% — Post-merger euphoria faded; profit-taking hit harder with low liquidity before Christmas break.