Global Stocks Are Mixed After Wall Street Opens 2025 With Modest Losses European shares fell on Friday after a mixed trading session in Asia, as mainland Chinese markets extended their losses for the first week of the new year.

The S&P 500’s gains were accelerating Friday afternoon, but the index’s sharp rebound still wasn’t large enough to bring about the traditional turn-of-the-year "Santa Claus rally." The Santa Claus rally period spans seven trading days ending with the close of the second stock-market session of the new year — and historically,