Update: US Equity Markets Rise Amid Gains in Technology Stocks

04:04 PM EST, 12/23/2025 (MT Newswires) -- US equity indexes closed higher Tuesday amid a rise in tech stocks despite mixed macroeconomic data.

* The US economy expanded at a 4.3% annual rate in Q3, marking the strongest growth in two years as consumer spending remained solid, the Commerce Department reported Tuesday. The initial estimate topped economists' expectations for a 3.3% increase, based on a Bloomberg survey, and followed a 3.8% gain in Q2.

* New orders for US durable goods dropped 2.2% in October to $307.38 billion, reversing a 0.7% increase in September, the Census Bureau reported. The decline was steeper than the 1.5% decrease expected by economists surveyed by Bloomberg.

* Holiday retail spending rose 4.2% from a year earlier across all payment types, according to a report from Visa Consulting & Analytics, slowing from the 4.8% increase recorded in 2024.

* West Texas Intermediate crude oil rose $0.43 to settle at $58.45 per barrel, while Brent crude, the global benchmark, was last seen up $0.37 at $62.44.

* US authorities are investigating Singapore-based cloud computing company Megaspeed over alleged discrepancies between how many Nvidia (NVDA) chips it acquires and how many it uses in its data centers, Bloomberg reported. Nvidia (NVDA) shares were up about 3.1%, among the highest on all indexes.

* Sidus Space (SIDU) shares were down nearly 29% after the company said late Monday it priced a public offering of about 19.2 million shares at $1.30 each, aiming to raise roughly $25 million in gross proceeds.

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