US Stocks Trade Choppy Session Mixed
2026-01-08 15:18
By
Andre Joaquim
1 min. read
US stocks diverged between sectors on Thursday amid lingering uncertainty on the magnitude of rate cuts by the Federal Reserve this year and fundamentals behind AI capital expenditure pledges.
The S&P 500 and the Dow inched higher, while losses for tech heavyweights pressured the Nasdaq 100 to fall by 0.5%.
Heavyweight tech companies mostly held their pullback form last session, remaining under closer scrutiny after speculative bets on higher AI implementation worldwide drove software and datacenter infrastructure carried equity returns last year.
Broadcom, Oracle, and Micron fell more than 3%.
Meanwhile, defense companies surged after President Trump announced the US military budget would rise to $1.5 trillion for 2027, extending the sector's recent push on the US's capture of Venezuelan President Maduro and the White House's hawkish rhetoric on Greenland.
Lockheed Martin, RTX, and Northrop Grumman gained between 4% and 8%.