U.S. stocks close out 2025 with all three major indexes hitting record highs for the third consecutive year

The US stock market closed out 2025 with the Dow Jones down 0.63%, posting a cumulative annual gain of 12.97%; the S&P 500 Index fell 0.74%, with a cumulative annual gain of 16.39%; and the Nasdaq dropped 0.76%, with a cumulative annual gain of 20.36%. All three major indexes hit record highs for the third consecutive year. Technology stocks closed lower across the board, with Oracle down 1.1%, Tesla down nearly 1.04%, and Nvidia down 0.55%.