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Wall Street's seasonal momentum may be building as the S&P 500 ($SPX) hovers near fresh highs following its 38th record close of 2025. Market experts expect a Santa Claus rally to drive major indexes through year-end and into early 2026. Notably, Nvidia (NVDA) may emerge as a key catalyst for the broader tech sector’s performance.
The AI chipmaker has risen in the last four consecutive sessions after trading around 20% below all-time highs. In the past two months, investors have raised concerns over the sustainability of AI spending and the circular economy.