"With a good deal of momentum, the S&P 500 could easily test 7,000 before the end of 2025. All thanks to momentum, the potential for more interest rate cuts, and a possible Santa Claus rally. Other analysts, including Fundstrat Global Advisors' Tom Lee, say we could reach 7,300. In fact, he just told CNBC, "7,000 is only 2% for S&P. From here, I think 5% or maybe even 10% is possible in December," as quoted by Seeking Alpha."
"At the moment, S&P 500 futures are up 18 points. The SPDR S&P 500 ETF ( SPY) is up about $2. The Dow is up 87 points, with the tech-heavy Nasdaq tacking on another 50 points of upside. Impacting markets, the ADP reported that ADP private payrolls fell by 32,000 in November, which was well below expectations for a payroll gain of 40,000. All of which could help clinch a Federal Reserve interest rate cut at its meeting next week."
Momentum, potential interest-rate cuts, and a possible Santa Claus rally could drive the S&P 500 to 7,000 or higher before the end of 2025. Some analysts, including Fundstrat Global Advisors' Tom Lee, project upside to 7,300 and expect 5%–10% gains in December. S&P 500 futures and major ETFs were trading higher while the Dow and Nasdaq showed gains. ADP reported private payrolls fell by 32,000 in November versus expectations for a 40,000 gain, increasing the odds of a Federal Reserve rate cut at its upcoming meeting. The Dogs of the Dow strategy buys underperforming dividend-paying Dow stocks annually; historical returns varied, with dividends cushioning performance in recent years.
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