Wall Street wades through another inflation report.
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CNBC TV1824-12-2025, 04:49

S&P 500 Hits Record Highs as "Santa Rally" Continues; Gold, Silver Soar

  • S&P 500 closed at record highs for the fourth consecutive day, driven by tech stocks, with Nasdaq also outperforming.
  • US Dollar index fell below 98, heading for its worst annual performance since 2017, while Gold and Silver hit new records.
  • Gold prices topped $4,500 and Silver crossed $70/ounce; Copper also surged past $12,000/tonne.
  • US Q3 GDP grew strongly at 4.3%, exceeding economist estimates, despite flat industrial production and falling consumer sentiment.
  • Donald Trump linked GDP growth to tariffs and urged the US Fed to cut rates; Kevin Hassett supported rate cuts, citing AI's economic boost.

Why It Matters: US markets surge to records, commodities soar, and strong GDP fuels debate on Fed interest rates.

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