The S&P 500 closed at a record 6,932.05 on December 24, 2025, marking the first Christmas Eve high since 2013. This milestone was driven by strong corporate earnings, economic resilience, and Federal Reserve easing policies. Ten out of eleven sectors saw gains, while the VIX index fell below 14, indicating reduced market volatility. Despite the focus on equities and metals, the record close had no direct impact on the cryptocurrency market. Analysts attribute the S&P 500's performance to favorable economic conditions and investor confidence in traditional markets.