US Stocks Fall, Nasdaq Down 1.6%

2025-12-12 16:08 By Agna Gabriel 1 min. read

US stocks extended losses on Friday as tech weakness weighed on global markets.

The Nasdaq 100 fell as much as 1.6%, dragged by a 10% drop in Broadcom after its AI chip sales outlook fell short of expectations despite beating Q4 results.

The S&P 500 slipped 0.6% from record highs, while the Dow Jones fell 0.3% after hitting an intraday record.

The tech pullback reflects margin concerns and caution over AI stocks, even as the Fed’s recent rate cuts continue to support broader market sentiment.

Fed’s Cleveland President signaled a preference for slightly tighter rates to curb inflation.

Meanwhile, Lululemon jumped 10% after raising its full-year outlook and announcing its CEO will step down in January.

This week, the S&P 500 is down 0.2%, Dow up almost 2%, and Nasdaq down 1%.



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