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Happy Wednesday. This is TheStreet’s Stock Market Today for Dec. 24, 2025. This post recaps the market day after the abbreviated holiday session.
Update: 1:00 p.m ET
Closing Bell
The U.S. market is now closed. The market is shut early for Christmas Eve, but it still managed to hand bulls one more present ahead of the holiday: green, green, green.The Dow (+0.60%) led among major indexes as 28 of the index’s 30 components rose today; one declined and one was flat. Nike Inc. (+5.1%) saw the largest strides as Apple CEO Tim Cook bought shares in the beleaguered footwear giant. The index set a new record today at 48,731.16.The S&P 500(+0.32%) set a record close of its own, closing out the market at 6,932.05. Only 111 of the index’s components were in decline today, with a wide variety of firms pitching in to lift the index — and the tech-heavy Nasdaq (+0.22%).Rounding out the pack, the Russell 2000 (+0.20%) closed out the day by reversing some of yesterday’s declines. The small cap index fell yesterday amid worries that fast GDP growth could derail hopes for the Fed’s 2026 rate cuts.
The market will be shut tomorrow to observe Christmas Day. However, here are some of the more consequential events and insights that marked today’s abbreviated trading session:
Today’s Movers & Shakers
Among firms with at least a $2 billion market cap, Edgewise Therapeutics (+25.2%) was the best-performing stock on the U.S. markets today, lifted by news that it completed a phase two trial for its clinical-stage heart disease drug. It was joined by a field of healthcare and technology names, including Travere Therapeutics (+13.9%), UiPath (+7.5%), and others.
On the other end of the market, some of the excesses of the retail trade fell back to Earth on Wednesday. AST SpaceMobile (-8.6%), Hycroft Mining (-8%), and D-Wave Quantum (-5.5%) led up a list of equities which have made our midday movers list in recent days, largely due to a bump in excitement around space, mining, quantum computing, and other popular trades.
Economic Data + Events
Before peacing out for the Christmas holiday, investors were also treated to a small handful of economic readouts to close out the week in data.
Chief among them were jobless claims for last week. They were bifurcated, as they have been as of late: While initial claims declined (+214K, down from +224K in the previous week), continuing claims rose (+1.923 million, up from +1.885 million).
Here is a short digest of today’s economic data:
