The S&P 500 rose to record territory after U.S. growth data in the third quarter showed the economy is powering along.
The GDP report released Tuesday morning said the economy grew at a 4.3% annual pace in the three months through September, the fastest clip in two years.
That was faster than in the previous quarter, and considerably above the 3.2% rate that economists polled by The Wall Street Journal had expected.
A pickup in consumer spending was the biggest growth driver, the Bureau of Economic Analysis said. The report had been delayed by the government shutdown.
Stocks wavered in early trading following the report, but then turned higher later in the day. The S&P was up about 0.4%, trading slightly above its record close from Dec. 11.
Meanwhile, gold's remarkable ascent continued, with futures topping $4,500 a troy ounce. Other precious metals surged, while London-traded copper hit a new peak above $12,000 a metric ton.
Treasury yields rose and the GDP report took a little pressure off the dollar, which recouped some intraday losses.
In other data, consumer sentiment in the U.S. weakened for a fifth consecutive month in December, amid concerns over jobs and business conditions, a monthly survey said.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
December 23, 2025 14:02 ET (19:02 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments