2025.12.3014:42:25UTC+00US Stocks Hold Muted Momentum

On Tuesday, U.S. stocks maintained their subdued trajectory, poised to end the year close to recent peak levels. This came as the markets evaluated prospects for strong economic growth and potential Federal Reserve rate cuts against worries about potentially inflated valuations in AI companies. The S&P 500, Nasdaq 100, and Dow Jones Industrial Average showed little movement, with holiday-reduced trading volumes and a scarce data schedule offering few catalysts to shift market direction.

Attention remained fixed on mining stocks, as concerns over supply and speculative activities propelled copper and silver futures towards record highs, while Freeport McMoRan continued to decline. Meanwhile, leading technology firms paused their recent sell-off. Investors were still weighing the future returns of AI technologies and investments in data centers for the coming year, alleviating fears of a sectorial bubble. Upcoming minutes from the Federal Reserve's latest meeting are expected to shed light on the level of disagreement within the Federal Open Market Committee concerning future interest rates and how the policymakers evaluate risks in overnight funding markets.