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CHICAGO, ILLINOIS - DECEMBER 21: Chicago Bulls mascot Benny the Bull is dressed for Christmas as the Bulls take on the Orlando Magic at the United Center on December 21, 2018 in Chicago, Illinois.
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The S&P 500 closes at a record high for the 39th time in 2025

In today’s shortened trading session, the S&P 500 closed at a record high for the 39th time in 2025, the benchmark index’s first Christmas Eve closing high since 2013. While volumes were thin, the rally was broad-based, with all sector ETFs rising except for energy. The Nasdaq 100 and Russell 2000 also climbed higher.

Stocks that moved higher:

  • Nike rose as Apple CEO (and Nike board member) Tim Cook bought $2.95 million of the sneaker companys stock.

  • Micron jumped after South Korean media reported that its biggest competitors are raising selling prices for a line of high-bandwidth memory chips, even though these will soon no longer be the most cutting-edge offerings available.

  • Dynavax, a publicly traded vaccines company with a hepatitis B vaccine, soared after entering into an agreement to be acquired by Sanofi for $2.2 billion in cash.

Stocks that moved lower:

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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