Weekly Market Insights Summary
Published on 12/26/25
Market Recap
DOW: 48,696 (-35)
S&P 500: 6,928 (-4)
Russell 2000: 2,535 (-13)
NYSE FANG+: 16,050 (-27)
ICE Brent Crude: $61.58/barrel (-$0.66)
Gold: $4,560/oz (+$57)
Bitcoin: ~86.8k (-848)
Market Overview
The trading day post-Christmas is quiet, with a notable focus on metals, which are rebounding after a brief reversal. The Santa Claus Rally has begun, with the S&P 500 reaching a new all-time high. US equities are mixed following a calm overnight session, with many international markets closed.
Key Highlights
The major topic of discussion is Nvidia's investment in AI chip start-up Groq, which has seen its valuation soar to $20 billion from $6.9 billion in just three months. This investment is significant as Groq was founded by a key figure behind Google's TPU, indicating a challenge to Nvidia's market dominance. Nvidia's stock is responding positively, while Alphabet remains stable.
Sector Performance
None of the 11 S&P 500 sectors showed significant movement, with slight outperformance in technology and materials.
Global Markets
Markets that were open overnight displayed mixed results. Commodities are also mixed, with oil prices declining despite geopolitical tensions, while precious metals are experiencing strong performance.
Economic Data
No major economic data was released, and Treasury yields have slightly decreased. The USD index is also marginally lower.
Looking Ahead
The upcoming week has a light calendar, with no major earnings or economic data expected. Key events include the China National People's Congress and various economic indicators from the US and global markets.
Upcoming Economic Calendar
- Monday: Pending Home Sales, Dallas Manufacturing
- Tuesday: Case Shiller Home Prices, Dallas Services
- Wednesday: Initial Claims, Mortgage Applications, Chicago PMI
- Thursday: New Year's Day - Markets Closed
- Friday: S&P Global Manufacturing PMI, Construction Spending