Merchants work on the ground on the New York Inventory Alternate in New York Metropolis, U.S., Dec. 15, 2025.
Brendan McDermid | Reuters
Shares fell on Monday, spurred by losses in know-how, after the S&P 500 scaled to contemporary file ranges final week.
The S&P 500 dropped 0.5%, whereas the Nasdaq Composite shed 0.7%. The Dow Jones Industrial Common pulled again by 285 factors, or 0.6%.
The unreal intelligence commerce got here beneath a little bit of strain within the session. Nvidia shares dropped nearly 2%, giving again a few of its greater than 5% acquire in final week’s interval. Palantir Applied sciences and Meta Platforms additionally suffered losses, as did Oracle and Superior Micro Gadgets.
“Given this week’s mild financial calendar, inner momentum could possibly be the principle market storyline this week,” stated Chris Larkin, head of buying and selling and investing at E-Commerce from Morgan Stanley. “If shares are going to shut out one other yr of double-digit beneficial properties on a excessive notice, they will seemingly want tech to do a lot of the heavy lifting.”
In the meantime, silver pulled again greater than 7% after reaching $80 per ounce for the primary time ever in a single day. This comes as the valuable metallic has had a large run-up in 2025, surging nearly 150% to grow to be one of many yr’s hottest trades. The iShares Silver Belief (SLV) misplaced greater than 8%.
These strikes come after the S&P 500 on Friday hit an intraday excessive of 6,945.77 earlier than ending the session slightly below breakeven.
It has been a banner yr on Wall Avenue, with the benchmark index up greater than 17% in 2025. The Dow has gained almost 14%, placing it on observe for its strongest yr since 2021. The Nasdaq Composite has outperformed yr to this point, up greater than 21%.
Wall Avenue can also be within the throes of the Santa Claus rally interval, a traditionally sturdy time for the inventory market. Since 1950, the S&P 500 has averaged a acquire of greater than 1% between the final 5 buying and selling days of the yr and the primary two of the brand new yr, based on the Inventory Dealer’s Almanac.
The financial knowledge calendar is mild for the week, however buyers will get yet one more learn into the Federal Reserve’s mindset heading into 2026. The central financial institution’s minutes from its December assembly are due for launch on Tuesday at 2 p.m. ET.
