new york — Global stock markets mostly fell Monday in jittery holiday trading ahead of a potentially tumultuous 2025 that will see Donald Trump return to the White House. Wall Street’s three main indices slumped to end the day, adding to losses Friday that ended Wall Street’s usual holiday-period “Santa Claus rally.” “We can’t drive major conclusions in a holiday-shortened and thin-trading-volume week, but last week’s price action looked pretty close to the narrative of rotation from tech to non-tech stocks that many investors expect to be the theme of next year,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. U.S.