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Happy Monday. This is TheStreet’s Stock Market Today for Dec. 22, 2025. You can follow the latest updates on the market here in our daily live blog.

Update: 9:33 a.m ET

Opening Bell

The sun hath risen on this Christmas trading week. Out of the gate, the Russell 2000 (+0.96%) is showing the most strength, up nearly one percent. Large cap indexes like the S&P 500(+0.45%), Nasdaq (+0.41%), and Dow (+0.35%) are further behind, but still trading to the upside this morning amid a bounce in tech-related names.

Driving headlines this morning are murmurs that Nvidia(+1.1%) will begin shipping its more advanced H200 AI chips to China early next year, which has given tech names an injection of optimism to start the week. Tesla (+3%) also hit an all-time high on Robotaxi optimism, approaching $500/sh.

However, it’s not just tech leading the charge higher; it’s joined by financials, consumer-exposed plays, and the energy sector. Another plot line to watch today is Paramount Skydance (+3%) coming back to Warner Bros. Discovery (+3.4%) with an improved offer, which is weighing on Netflix (-1%) stock this morning — see that really bright red stock in the tech services sector?

Beyond equities, the 10Y Treasury is 1.2 bips higher at 4.163%, while the 20Y and 30Y are both 0.7 bips higher at 4.792% and 4.835% respectively. The fixed income market seems to be modestly reactive after comments this morning by the Fed’s Stephen Miran, who spoke this morning about recent data and recession risk.

In continuous contracts, Gold (+1.64%) is just off all-time highs this morning at $4,459.50. It’s joined by a rallying Silver (+2.11% to $68.91), Platinum (+4.54% to $2,110.20), and Palladium (+3.39% to $1,847.50). Energy commodities such as WTI Crude (+2.55% to $57.96) are also seen higher after a series of downward trading days for the U.S. oil benchmark, while Natural Gas (-2.4851% to $3.884) extends its skid.

Update: 7:14 a.m ET

A.M. Update

Happy Monday. With last week’s final full trading week behind us, there’s only abbreviated trading for the rest of 2025. It has been a whiplash-tactic experience, with traders opening the year on high expectations, paling back those high hopes for the markets amid tariff tumult, only to end the year on a high note.

Kicking off this holiday week, the Cboe Volatility Index is at a nearly three-month low, while U.S. equities benchmarks are only a touch below all-time highs. And with a few trading days left in the year, benchmarks have the ability to set even higher highs, continuing a weeks-long ‘Santa Rally.’

However, those ‘few trading days’ will be precious. With the market slated to close early this Wednesday (Christmas Eve) and closed on Thursday (Christmas Day), investors will have an exceptionally abbreviated market week to work with this week — whether that will be a positive or negative remains to be seen.

That said, the earnings and data slate today will be fairly mundane. Per Nasdaq, there are now firms set to report that are worth at least a $1 billion market cap. And in economic data, the overdue Chicago Fed National Activity Index (which came in at -0.21 in September) is already out for today, leaving us with a fairly open slate for the Monday session. We’ll have to wait until tomorrow to see anything really substantial, aside from your usual headlines.