US Stocks Rose Again in 2025 After Overcoming Turbulence From Tariffs and Trump’s Fight With the Fed

Posted on December 23, 2025

Photo by CHARLY TRIBALLEAU / AFP via Getty Images

NEW YORK (AP) — This was a scary good year for investors. It was scary because the U.S. stock market plunged to several historic drops on worries about everything from President Donald Trump’s tariffs to interest rates to a possible bubble in artificial-intelligence technology. In the end, though, it was a great year for anyone with the stomach to stick through the swings. As of Monday’s close the S&P 500 was on track for its third consecutive double-digit gain. Outside of stocks, bitcoin soared and then swooned and the “queasy” bond market got Trump’s attention. As the year ends, fears of an AI bubble appear ready to carry over into 2026.

(Copyright 2025 The Associated Press. All Rights Reserved.)

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