Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money.

Here's what's on top tonight.

The S&P is setting a record close as we head into the final trading days of the year.

Is this the start of a sustainable Santa Claus rally?

Ho, ho, ho.

And what's the setup into 2026?

And Nike's biggest bull, the sportswear giant pacing for a fourth straight year of losses.

But one analyst says shares are heading higher from here.

He lays out his case later on this hour.

Plus, Novo Nordus scores a big win in the weight loss battle.

It's now time to buy shares of meta.

And Tim's Miga has been a strong trade this year.

But what's in store for international stocks once the ball drops, the ambassador will weigh in. I'm Melissa Lecombe, Studio B, the NASDAQ, on the desk tonight, Tim Seymour, Courtney Garcia, Steve Raso, and Guy Adami. We start with that race to records in the last stretch of the year. The S&P rising half a percent, setting a record close. It's 14th of the. The Dowell less than a percent off its own all-time high as well. Today's gains come after a significantly stronger than expected GDP report. The U.S. economy growing at 4.3 percent in the third quarter compared to an estimate of 2.8 percent. And it wasn't just stocks in Raleigh, Moe today, gold, silver, LME, copper, all hitting all-time highs as well.

So does today set the stage for more records as we look to close out 2025? Guy, nice to have a record close here in the final days.

You said ho-ho. I did, yeah. Well, it appears that. So listen, so today we have no more, we're half day tomorrow, right? We have a full day, I think on Friday. Next week is the same type of week. It's hard pressed unless some piece of news comes out where the market's just not going to continue to levitate. The old saying is don't sort of dull market, and that's what we're seeing. So I think you're going to continue to

see that. It's all asset classes, and quite frankly, it's a saw-off in the bond market as well,

which also makes sense. We'll talk about GDP. Yeah, Tim. Well, nominal growth is probably north of

5% here, and there's an element on the inflation side that has to have you a little bit concerned,

especially in a world where we had this kind of growth and we have an accommodative Fed.

Equities should love this. And I think in the short run, the Fed is your friend. But I look to 26,

and I think it may not be as easy as it appears now with the Fed on this side and the view that

the Fed's going to change and become a more doveish Fed. I think the dynamic here around corporate profit margins is also extraordinary.

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