Dow, S&P 500 Hover at Record Levels, Nasdaq Struggles

2025-12-12 14:31 By Agna Gabriel 1 min. read

The Dow Jones rose 0.3% to fresh record highs on Friday and the S&P 500 also hovered at peak levels as investors kept rotating out of tech and into value sectors amid expectations of two interest rate cuts in 2026.

Financials, health care and industrials benefited from the shift, with Citigroup, Eli Lilly and GE Aerospace among the standouts.

Meanwhile, the Nasdaq slipped about 0.5%.

Broadcom fell 6% despite beating Q4 estimates and forecasting a doubling in AI chip sales, adding pressure to AI-linked names like AMD and Micron.

On the other hand, Lululemon jumped 10% after announcing its CEO will step down.

Also, cannabis stocks rallied sharply on reports that President Donald Trump will ease federal restrictions, sending Tilray up 33% and Canopy Growth up 23%.

For the week, the S&P 500 is set to gain 0.5%, the Dow around 1.6%, while the Nasdaq lagged with a rise of nearly 0.1%.



News Stream
Chip Stocks Hold Selloff
A selloff for heavyweight chip producers pressured US equity indices on Tuesday. The Nasdaq 100 slid 3% and the S&P 500 dropped 1%. AI infrastructure companies, including semiconductor and memory chip producers, tanked on increasing skepticism that AI spending by hyperscalers will not meet returns. On top of that, SK Hynix slowed production of advanced AI chips to boost commodity DRAM capacity, a sign that demand for compute could slow. Micron, Lam Research, Sandisk, and Qualcomm plunged close to 10%, Tesla lost 5%, and Nvidia and Oracle slipped 3.5%. On the same note, SpaceX plunged 16% before rebounding as it issued bonds only one week after its IPO, adding to caution on colossal capital expenditure. Treasury yields remained elevated despite the decline in energy prices following the hawkish dot plot last week, limiting any respite for traditional sectors of the economy. Still, gains for healthcare and consumer defensive companies aided the Dow to hover around the flatline.
2026-06-23
The Dow Jones Index Opens 0.64% Lower
The Dow Jones Index is losing 332 points. Losses were led by Caterpillar (-4.70%), Nvidia (-3.09%) and Cisco Systems (-2.77%). Offsetting the fall, top gainers were IBM (3.29%), Amgen (2.79%) and Microsoft (2.19%).
2026-06-23
US Tech Stocks Sell Off
US equity indices slumped on Tuesday amid a selloff in the heavyweight tech sector. The Nasdaq 100 slid 3%, the S&P 500 dropped 1.5%, and the Dow lost 0.5%. AI stocks tanked on increasing skepticism that spending by hyperscalers will not meet returns. Nvidia and Tesla lost 4%. On the same note, SpaceX plunged 16% as it issued bonds only one week after its IPO, adding to fears of colossal capital expenditure. Chip stocks slipped as SK Hynix slowed production of advanced AI chips to boost commodity DRAM capacity, also aligned with concerns that AI datacenter speculation does not match fundamentals. Micron tanked 11% ahead of its earnings tomorrow and Sandisk lost over 12%. Treasury yields remained elevated despite the decline in energy prices following the hawkish dot plot last week, limiting any respite for traditional sectors of the economy. Finance was pressured as Apollo once again capped private equity withdrawals.
2026-06-23