Wall Street slipped on Monday, led by a pullback in technology shares, while gold prices fell and oil climbed amid Middle East tension.
Market Overview
All three major U.S. indexes ended lower. The Dow fell about 0.45%, the S&P 500 slipped 0.42%, and the Nasdaq dropped 0.63%.
Index Performance
- Dow Jones Industrial Average: down 217 points to 48,494.
- S&P 500: down 28.8 points to 6,901.
- Nasdaq Composite: down 150 points to 23,443.
Despite the dip, the S&P 500 is up more than 17% so far this year, with only a few trading days left before the New Year’s holiday.
Sector Moves
- Energy rose 0.7% as oil prices increased.
- Information Technology fell 0.7%, pulling down many AI‑related stocks.
- Materials slipped 0.7% after silver dropped, even though it briefly crossed $80 per ounce.
Key Stock Movers
- Nvidia –2%
- Palantir Technologies –1.4%
- Broadcom –1.3%
- Tesla –2.2% after hitting a record high last week
- DigitalBridge +9.8% (after SoftBank’s $4 billion acquisition announcement)
- Exxon Mobil +0.9%
Commodities Update
Gold and silver saw sharp profit‑taking. Spot gold fell 3.6% to $4,367.97 an ounce, while silver dropped 7.9% to $72.87 an ounce. Platinum and palladium also slid, down 12% and 15% respectively.
Oil Prices Rise
Crude oil prices climbed as traders worried about possible supply disruptions in the Middle East and a reported drone attack on a Russian presidential residence.
- Brent crude: up $1.22 (2%) to $61.86 per barrel.
- WTI crude: up $1.29 (2.3%) to $58.03 per barrel.
Holiday Outlook
U.S. markets will be closed on Thursday for New Year’s Day, so trading volume is expected to stay low through the end of the week.
Disclaimer
Remember, this is just a summary of recent market activity, not a prediction. Always do your own research and consider your personal financial situation before making any investment decisions.