From the Desk - Economic Commentary
Brandon Casey, Member Strategies - 12/31/2025
U.S. stocks were little changed at the opening bell but have since fallen on the last trading day of the year. All three major averages are coming off a three-day losing streak on what has been a strong year for the market. The Nasdaq is up 21% on the year, the S&P 500 is up 17%, and the DJIA is up 13%. All three major averages are also poised to finish the month higher.
Looking at economic data today, initial jobless claims fell by 16,000 to 199,000, the lowest level in a month. Initial claims were expected to increase to 220,000. Continuing claims fell 47,000 to 1.866 million.
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