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总结
多家媒体报道，美国股市在2025年最后一个交易日收官，主要指数全年录得两位数涨幅并接近历史高位，尽管年内经历通胀回落、利率预期反复及经济不确定性带来的波动。临近跨年，“圣诞老人行情”推动风险资产走强。市场把焦点转向2026年：人工智能相关投资热度能否延续、企业盈利与估值能否匹配，以及美联储政策路径等因素将继续影响后续走势与波动水平。
正文
Stock market ends 2025 with double-digit gains ABC News Will the A.I. Boom Continue to Drive Up Stocks in 2026? The New York Times Wall Street ends 2025 near record highs after year of economic upheaval The Guardian Stocks sit near record highs as 'Santa Claus rally' builds, 2026 approaches: What to watch this week Yahoo Finance US stock market ends 2025 on a high note after volatile year BBC
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