Wall Street Ends 2025 Grinning Despite Some Gloom
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With 2025 at an end, the numbers show the S&P 500 up more than 16% as the three-year bull market continued unabated. The party kept pace despite well-worn cautions about a looming artificial intelligence bubble and how its explosion would exacerbate the fraught economic reality most Americans already face.
But for now, investors don’t appear overly worried. The AI trade broadened as markets rode to riches on the shoulders of the Magnificent 7 and the companies building their data centers. Three of the index’s top 10 performers were data storage firms, among the main beneficiaries of the hundreds of billions of dollars pledged by the massive AI cloud service providers and their multibillionaire owners.