Dow, S&P 500 mark record closes; Oracle drags on the Nasdaq
By Sinéad Carew and Johann M Cherian
Thu December 11, 2025 5:00 PM
On the day following the Fed rate cut announcement and pleased by the less hawkish tone than feared, the market picked up tailwinds that pushed the S&P and Dow up, the Dow straight way up 646 points. Investors were leaning heavily on Powell’s encouraging remarks putting the labor market as a priority over inflation as an indication that more cuts would be coming next year. Disappointing news from Oracle stoked more fears of overinvestment in AI but those fears were somewhat abated by Disney’s announcement of another $1 billion investment in AI.
Federal unemployment claims rising to 236K, 16K over estimate, helped the case of a weakening labor market. Overall though, there is a rotation going on out of tech and into small caps and industrials. Volume at 17.05 billion came in much closer to the 17.39 billion average.
DJ: 48,057.75 +497.46 NAS: 23,654.16
+77.67 S&P: 6,886.68
+46.17 12/10
DJ: 48,704.01 +646.26 NAS: 23,593.86
-60.30 S&P: 6,901.00
+14.32 12/11
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