U.S. equity markets posted mixed results last week amid a choppy and headline-driven trading environment. The Dow Jones Industrial Average fell 0.3%, the S&P 500 declined 0.4%, and the Nasdaq Composite slipped 0.7%, while the Russell 2000 rose over 2%, continuing the recent theme of improving market breadth and relative strength in smaller-cap stocks.

Markets opened the year with a steady hand despite an increasingly complex policy and geopolitical backdrop that has continued to build with meaningful longer-term implications, even as markets showed limited near-term disruption.

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U.S. equities closed out 2025 with another year of solid gains, even as the final trading sessions were muted by holiday-shortened schedules and lighter volumes.

Markets closed a busy week with a mixed tone as investors digested the Federal Reserve’s final meeting of the year, a shifting labor backdrop, and ongoing sector rotation.