S&P 500 Wavers on the Brink of Its All-Time Highs: Markets Wrap

WATCH: Joyce Chang of JPMorgan Global Research says the Federal Reserve will likely lower interest rates in December and January before holding for the rest of 2026.Source: Bloomberg

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By Rita Nazareth

December 3, 2025 at 10:27 PM UTC

Updated on

December 4, 2025 at 9:43 PM UTC

A rally that put the stock market within a striking distance of its all-time highs struggled to gain a whole lot of traction ahead of next week’s Federal Reserve decision. Bitcoin halted its rebound. Bonds fell.

The S&P 500 barely budged. Bets on a Fed reduction remained intact despite a slide in jobless claims — a noisy reading that captured the Thanksgiving period. Meta Platforms Inc. jumped as Bloomberg News reported executives are considering budget cuts for the metaverse group. Small caps hit fresh highs.