Why is the S&P 500 today holding near record highs?

Seasonal strength from the Santa Claus rally, lighter holiday volume, and stable rate expectations are supporting prices. The index sits less than 1% below its high, with momentum healthy and trend support above the 50-day average. Upcoming FOMC minutes and labor data will test whether the bid can extend into early January.

What should investors watch in the FOMC minutes?

Look for views on inflation progress, growth risks, and the committee’s bias on cuts into 2026. Any hints of patience or a quicker path to easing can shift yields and equity multiples. Also note discussion on balance sheet runoff, as it affects liquidity and risk appetite across sectors.

What are the key technical levels for the S&P 500 today?

Immediate resistance is near 6,946 to 6,949. Initial support sits around 6,848, then 6,790 at the 50-day average. ATR near 65 points suggests typical daily swings. Momentum is positive but near overbought on some oscillators, so respecting stops around these levels can help manage risk.

How does the Santa Claus rally affect January performance?

Strength during the last five trading days of December and first two of January can set early-month tone. If gains hold, leadership in growth or cyclicals often carries into the first few weeks. Weakness can signal profit taking. Combine seasonal cues with policy and jobs data before adjusting allocations.

Global Market Insights

^GSPC Today, December 30: Santa Rally Holds Near Records Ahead of FOMC Minutes

ByHuzaifa Zahoor December 30, 2025December 30, 2025

S&P 500 today hovers near record levels as the Santa Claus rally carries into the final trading days of the year. The benchmark ^GSPC trades at 6,905.73, down 0.35% on the day, within 0.6% of its 6,945.77 peak. The session’s range runs from 6,888.76 to 6,920.21, with volume lighter than average in holiday trade. Investors await FOMC minutes and labor data for signals on the 2026 rate path. A steady bid now could shape January performance and sector leadership as the year turns.