Traders on the floor of the New York Stock Exchange experienced a downturn on Monday, as tech stocks led the market decline following last week’s record surge. The S&P 500 fell 0.5%, the Nasdaq Composite decreased by 0.7%, and the Dow Jones Industrial Average retraced by 285 points, approximately 0.6%.
The artificial intelligence sector faced heightened scrutiny, with shares of Nvidia dipping nearly 2%, reversing some of last week’s impressive 5% gain. Other major players in the tech space also took hits, including Palantir Technologies, Meta Platforms, Oracle, and Advanced Micro Devices.
Chris Larkin, E-Trade’s head of trading and investing, highlighted the significance of this week’s market dynamics. “Given this week’s light economic calendar, internal momentum could be the main market storyline this week,” he explained. “If stocks are to close out another year of double-digit gains on a high note, they’ll likely need tech to do much of the heavy lifting.”
In contrast to the tech sector, silver showed dramatic fluctuations, retreating more than 7% after hitting an all-time high of $80 per ounce overnight. This significant drop follows an extraordinary year for silver, with prices skyrocketing nearly 150% and making it one of 2025’s hottest investments. The iShares Silver Trust (SLV) also suffered, dropping over 8%.
Last Friday, the S&P 500 reached an intraday peak of 6,945.77 before settling just below break-even at the close. This year has been notably successful for Wall Street, with the benchmark index up more than 17% year-to-date. The Dow has risen nearly 14%, putting it on track for its best performance since 2021, while the Nasdaq Composite has led the pack, gaining over 21%.
As traders navigate the traditionally stable “Santa Claus rally” period-historically a robust time for stocks-there is reason for cautious optimism. According to the Stock Trader’s Almanac, the S&P 500 has averaged a gain of more than 1% during the final five trading days of the year and the first two days of the new year since 1950.
Looking ahead, investors are anticipating a light economic data week, but one pivotal release is expected: the Federal Reserve’s minutes from its December meeting, set to be published on Tuesday at 2 p.m. ET. This document will provide vital insights into the central bank’s stance as it gears up for 2026.
As we move into the final weeks of 2025, the interplay between technology stocks and broader market trends will be crucial in determining investor sentiment and market performance heading into the new year.
Tags: Stock Market, S&P 500, Technology Stocks, Federal Reserve, Silver Prices, Nasdaq Composite, Dow Jones Industrial Average
Original Source: https://www.cnbc.com/2025/12/28/stock-market-today-live-updates.html
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Publish Date: 2025-12-29 22:55:00
