Wall Street edges lower as GDP data pushes Treasury yields higher
Published on 23/12/2025 08:16 PM
Wall Street’s key benchmarks edged lower on Tuesday after stronger-than-expected US economy data drove Treasury yields higher.
At 09:30 A.M. ET, the Dow Jones Industrial Average fell 62.81 points, or 0.13%, to 48,299.87. The S&P 500 lost 4.69 points, or 0.07%, to 6,873.80, while the Nasdaq Composite dropped 21.13 points, or 0.09%, to 23,407.70.
On Monday, the major US stock indices closed solidly higher.
US Gross Domestic Product (GDP) in the third quarter came in at 4.3% on an annual basis, topping expectations and the loftiest growth in two years.
The surprisingly strong data could change the calculus on upcoming monetary policy decisions.
The markets eye a light week of updates after Tuesday, with stock exchanges closing early Wednesday and all of Thursday for the Christmas holiday.
The 10-year US Treasury yield rose to 4.19%.
The US dollar also trimmed its losses.
Among the S&P sectors, six of the 11 gained, led by energy and communication services.
Consumer staples and real estate were the laggards.
Gold prices hit a record high on Tuesday, while silver crossed $70 mark for the first time, as a weaker US dollar and persistent geopolitical uncertainty boosted safe-haven demand.
As of 1336 GMT, Spot gold climbed 0.9% to $4,486.99 per ounce, after reaching a record $4,497.55 earlier in the session. US gold futures for February delivery added 1.1% to $4,518.80.
Spot silver climbed 2.2% to a record of $70.61 per ounce. The white metal is up 143% year-to-date on supply deficits and investment inflows.
Elsewhere, spot platinum soared 3.5% to $2,193.60, while palladium added 1.6% to $1,786.94.
On the geopolitical front, US President Donald Trump last week ordered a "blockade" of all sanctioned oil tankers entering and leaving Venezuela. He also said he was not ruling out the possibility of war with the South American country.
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