The S&P 500 closes at a new record high on below-average volume

The S&P 500 rose for the fourth-consecutive session, closing at a new all-time high. The Nasdaq 100 also rose as Big Tech gained, but the Russell 2000 dropped.

Your Evening Briefing December 23, 2025 The S&P 500 closes at a new record high on below-average volume The S&P 500 rose for the fourth-consecutive session, closing at a new all-time high. The Nasdaq 100 also rose as Big Tech gained, but the Russell 2000 dropped. The delayed Q3 GDP report blew past analysts' expectations, showing that the US economy grew at the fastest pace since Q3 2023. Stocks initially faltered on fears that strong economic growth could impact the Fed's easing path in 2026 as odds of a January rate cut dipped*, but the benchmark index quickly bounced back. Today's big mover was Novo Nordisk, whose stock surged after the FDA approved its GLP-1 obesity pill. *Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC. Tesla's EU sales fell nearly 40% in the first 11 months of 2025 Meanwhile the sale of battery electric vehicles rose 27% in the EU so far this year. Read more. Trump administration says tariffs on Chinese semiconductor imports are coming... in 2027 Special teams have taken to the field to punt on semiconductors. Read more. Disney could be well on its way to its third billion-dollar film of the year following a $345 million opening weekend for "Avatar: Fire and Ash." The film's opening gross puts the Avatar franchise's total box office earnings at $5.6 billion — and counting. Read more. ServiceNow strikes deal to buy cybersecurity firm Armis for $7.75 billion in cash ServiceNow bets on cybersecurity to enhance its appeal amid AI-fueled vulnerabilities. FCC bans new Chinese drones and components from DJI and Autel Robotics The new ban leaves drone operators in the lurch due to the lack of high-quality, American-made alternatives.  Pentagon adds xAI's Grok to its AI platform The Department of Defense will add xAI's Grok to its GenAI.mil platform, joining Google's Gemini.  Was this email forwarded to you? Don't miss out on future stories — subscribe to The Wrap and get your daily dose of financial news straight to your inbox.  Craving more insights in your inbox? Subscribe to Chartr and Snacks for quality reads. We care what you think! If you have any feedback or comments, feel free to reply and let us know your thoughts!  Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more Sherwood Terms and Conditions Our Editorial Standards Contact Us Advertise With Us Unsubscribe Privacy Policy SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025