S&P 500 Closes at Record High in Tech-Led Advance: Markets Wrap

Platinum prices have surged to an unprecedented level, exceeding $2,300 an ounce, driven by tight global supplies and high borrowing costs. This marks a significant milestone for the metal, reflecting strong demand amid constrained availability.

The South Korean won experienced a notable increase following statements from authorities indicating that excessive weakness in the currency is undesirable and that the government will demonstrate strong determination in foreign-exchange markets. This response reflects a proactive stance to stabilize the currency amid economic fluctuations.

Lofted Spirits, led by retired US Army Colonel Mark Erwin, is thriving in the bourbon industry with its brands Bardstown Bourbon and Green River, despite challenges posed by tariffs in the alcohol market. Erwin discussed the company's strategies for success during an interview on Bloomberg Businessweek Daily.

The S&P 500 index reached a record high on December 23, 2025, closing at an all-time peak, as reported by Bloomberg Television. This milestone was achieved despite thin trading volume, indicating strong investor confidence in the market's resilience.

Oil prices have maintained a five-day gain as traders navigate escalating geopolitical tensions alongside increasing inventories. This stability reflects a complex interplay between supply dynamics and market sentiment, with traders weighing potential disruptions against a backdrop of rising stock levels.

Asian stocks opened higher following a record rally on Wall Street, driven by robust data indicating the U.S. economy's fastest growth in two years. This positive momentum reflects investor confidence as markets react to favorable economic indicators.

China's local borrowing for infrastructure is projected to reach a six-year low as the government tightens regulations to mitigate financial risks, raising concerns about the country's ongoing investment slump. This shift in strategy comes amid a backdrop of declining investment levels across various sectors, including manufacturing and property.

The S&P 500 index reached a record high, marking its fourth consecutive day of gains, driven primarily by strong performances in technology shares, particularly from Broadcom and Nvidia. This milestone reflects a significant recovery in investor confidence following recent market fluctuations.