S&P 500, Nasdaq end slightly down in holiday-thin trade, Meta gains on deal

S&P 500, Nasdaq end slightly down in holiday-thin trade, Meta gains on deal

By Saeed Azhar, Purvi Agarwal and Nikhil Sharma

Tue December 30, 2025 4:23 PM

It was a pretty volatile day on all the indexes which is quite typical of a truncated holiday week but in essence the Santa Claus rally remains on pause for a second day as investors seek repositioning of their holdings as today communications services dominated vs declines in tech and financials. As today’s expert put it, “The growth rates are going to converge between tech and everything else next year and the valuation gap is so wide, it is absolutely justified to see repositioning.  

It’s just a healthy rebalancing of allocations more so than an emotionally driven selloff.”  The S&P remains up 17% for the year and both it and the Dow are looking at eight consecutive months of gains, it’s longest stretch in eight years. Exceptionally light trading continues with a mere 12.63 billion shares changing hands vs the average of 16.03 billion. 

DJ: 48,461.93  -249.04         NAS: 23,474.35  -118.75        S&P: 6,905.74  -24.20        12/29

DJ: 48,367.06  -94.87           NAS: 23,419.08  -55.27          S&P: 6,896.24  -9.50            12/30

Tue 12-30-25 4:23 pm S&P 500, Nasdaq end slightly down in holiday-thin trade, Meta gains on deal | Reuters