00:00It's Benzinga bringing Wall Street to Main Street.
00:03The U.S. stock market is closing out 2025 near record highs, according to The Wall Street Journal.
00:08The S&P 500 is up 17 percent and the Nasdaq has gained 21 percent as fears tied to Trump's
00:16tariffs and sell America trades faded within weeks. Tariff exemptions, trade deals and an
00:22AI-driven capital spending boom supported growth and limited inflation effects. Tech stocks led
00:28gains with NVIDIA up 40 percent, Broadcom up 51 percent, Alphabet up 66 percent, AMD up
00:3678 percent, Palantir up 139 percent, and Micron up 248 percent. Broadcom and The Magnificent
00:44Seven now make up 40 percent of the S&P 500's market capitalization, more than double their
00:50share a decade ago. Rich asset owners continue to spend heavily, while analysts warn that
00:55financial strain on lower and middle income Americans could destabilize the economy.
01:01Inflation remains elevated, job growth has slowed to a near standstill, and unemployment is rising.
01:07As investors look to next year, many are rotating out of richly valued tech stocks into banks,
01:13materials and health care, while others are shifting toward overseas markets that outperformed
01:17the U.S. For all things money, visit Benzinga.com.
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