Stocks Slip Due to Weakness in Megacap Technology Stocks

The S&P 500 Index ($SPX) (SPY) as we speak is down -0.24%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.24%.  March E-mini S&P futures (ESH26) are down -0.28%, and March E-mini Nasdaq futures (NQH26) are down -0.27%.

Inventory indexes are transferring decrease as we speak, led by losses in megacap know-how shares.  Additionally, as we speak’s plunge in metals costs is weighing on mining shares.  Decrease bond yields are supportive of shares, with the 10-year T-note yield falling to a 1-week low of 4.10% as we speak. 

Be a part of 200K+ Subscribers: Discover out why the noon Barchart Temporary publication is a must-read for 1000’s each day.

Silver and platinum fell sharply from recent report highs as we speak amid profit-taking following their parabolic rallies.  The latest surge in each metals has taken costs to overbought ranges, sparking technical promoting.  Additionally, the CME as we speak raised margin ranges for treasured metals buying and selling, which has sparked some lengthy liquidation strain. 

Crude oil costs are up by greater than +2% as we speak, lifting power producers and limiting losses within the broader market, as superior peace talks over the weekend to finish the Ukraine-Russian battle did not yield a breakthrough. Geopolitical tensions from Venezuela to Nigeria are additionally supporting crude costs.   As well as, crude costs rose after China’s Ministry of Finance on Sunday pledged to broaden its fiscal spending base subsequent yr, signaling authorities assist to drive financial progress.

Seasonal components are bullish for shares.  In response to knowledge from Citadel Securities, since 1928, the S&P 500 has risen 75% of the time within the final two weeks of December, climbing 1.3% on common.

Market consideration this holiday-shortened week will concentrate on US financial information. Later as we speak, Nov pending residence gross sales are anticipated to climb +1.0% m/m.  On Tuesday, the Dec MNI Chicago PMI is anticipated to rise by +3.5 factors to 39.8. Additionally, the minutes of the December 9-10 FOMC assembly will likely be launched.  On Wednesday, preliminary weekly unemployment claims are anticipated to extend by 1,000 to 215,000.  On Friday, the Dec S&P manufacturing PMI is anticipated to stay unrevised at 51.8. 

The markets are discounting the percentages at 19% for a -25 bp fee reduce on the FOMC’s subsequent assembly on January 27-28.

Abroad inventory markets are combined as we speak.  The Euro Stoxx 50 is up +0.17%.  China’s Shanghai Composite climbed to a 6-week excessive and closed up +0.04% for the ninth consecutive each day achieve.  Japan’s Nikkei Inventory 225 closed down -0.44%.

Curiosity Charges

March 10-year T-notes (ZNH6) as we speak are up by +4 ticks.  The ten-year T-note yield is down -1.6 bp to 4.112%.  Mar T-notes rose to a 1-week excessive as we speak, and the 10-year T-note yield fell to a 1-week low of 4.102%.  As we speak’s inventory market weak point is boosting safe-haven demand for T-notes.  Additionally, geopolitical dangers in Venezuela and Nigeria have added to the safe-haven enchantment of T-notes. 

European authorities bond yields are transferring decrease as we speak.  The ten-year German bund yield fell to a 1.5-week low of two.836% and is down -1.4 bp at 2.848%.  The ten-year UK gilt yield dropped to a 1-week low of 4.459% and is down -0.7 bp to 4.500%.

Swaps are discounting a 2% likelihood of a +25 bp fee hike by the ECB at its subsequent coverage assembly on February 5.

US Inventory Movers

The Magnificent Seven shares are largely decrease as we speak, pressuring the broader market.  Nvidia (NVDA) and Tesla (TSLA) are down greater than -1%.  Additionally, Meta Platforms (META) is down -0.82%, Alphabet (GOOGL) is down -0.40%, Amazon.com (AMZN) is down -0.23%, and Microsoft (MSFT) is down -0.02%.  Bucking the development, Apple (AAPL) is up +0.15%. 

Mining corporations are weaker as we speak, with gold costs down greater than -3% and silver costs plunged greater than -7% after initially climbing to a brand new report excessive.  Hecla Mining (HL) is down greater than -6%, and Newmont (NEM) is down greater than -5% to steer losers within the S&P 500.  Additionally,  Coeur Mining (CDE) is down greater than -4%, and Freeport-McMoRan (FCX) is down greater than -2%.

Vitality corporations are transferring larger as we speak, with WTI crude up greater than +2%.  Devon Vitality (DVN), Marathon Petroleum (MPC), Halliburton (HAL), APA Corp (APA),  Diamondback Vitality (FANG), ConocoPhillips (COP), and Occidental Petroleum (OXY) are up greater than +1%.  Additionally, Chevron (CVX) is up +0.63% to steer gainers within the Dow Jones Industrials.

Praxis Precision Medication (PRAX) s is up greater than +14% after getting a breakthrough remedy designation from the FDA for its ulixacaltamide for the remedy of sufferers with important tremor.

DigitalBridge Group (DBRG) is up by greater than +9% after SoftBank Group acquired the corporate for about $4 billion, or $16 a share.

Coupang (CPNG) is up greater than +1% after providing compensation price greater than $1 billion to all prospects affected by an information breach.

Earnings Experiences(12/29/2025)

None.

On the date of publication,

Wealthy Asplund

didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions.

For extra info please view the Barchart Disclosure Coverage

right here.

Extra information from Barchart

The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.