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Fortune

Jason Ma

The S&P 500 could hit 7,000 this week, while Trump hints at a Fed chair pick and Washington eyes this special election

US Federal Reserve Donald Trump Aftyn Behn Jerome Powell Kevin Hassett United States Republican Party

(Credit: Spencer Platt—Getty Images)

The stock market is about to begin the final month of 2025 on the back of a strong uptrend that has raised hopes the typical year-end “Santa Claus rally” is starting early this season.

Meanwhile, the coming week could see President Donald Trump nominate a successor to Federal Reserve Chair Jerome Powell, and a special election in Tennessee could further narrow the GOP’s House majority.

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