U.S. stocks dipped on Dec. 23, 2025, on rising yields from strong GDP growth, but remained near highs amid rate cut expectations.

U.S. stock markets opened lower on Tuesday, December 23, 2025, as stronger-than-expected third-quarter GDP growth of 4.3% fueled rising Treasury yields, with the 10-year yield hitting a one-week high of 4.19%. The Dow declined 0.13%, the S&P 500 fell 0.07%, and the Nasdaq dropped 0.09%, pressured by tech stocks sensitive to higher yields. Despite the pullback, markets remained near recent highs, supported by a cooling inflation report and expectations of two rate cuts in 2026. Light trading volume is expected ahead of the holiday shutdown.