As Santa Claus rally begins, S&P 500 hits record high

The S&P 500 reached a new intraday record high on Wednesday, fueled by broad-based gains across sectors in a holiday-shortened Christmas Eve trading session, as what looks like a classic Santa Claus rally begins.
The benchmark index closed at 6,909.79, extending its 2025 advance to more than 17%, as investors cheered the release of third-quarter U.S. GDP data showing much-stronger-than-expected growth of 4.3% annualized fueled by resilient consumer spending and exports. This upbeat reading