Wall Street Falls as Tech Rally Falters in Final Week of 2025

WALL STREET - NEW YORK. Wall Street's main indexes kicked off the final week of the year on a lower note on Monday, as heavyweight technology stocks gave up some ground from last week's gains which had pushed the S&P 500 to new highs.

The benchmark S&P 500 was in the 1% range of the 7,000-point mark, and the blue-chip Dow hit a record closing high last week. Some investors were hoping for a "Santa Claus rally", a seasonal phenomenon where the S&P 500 typically posts gains in the last five trading days of the year and the first two in January, according to Stock Trader's Almanac.