Stock Market Mixed: Chipmakers Shine, Big Tech Falls
Update: 2026-01-03
Description
US stocks ended mixed on Friday, with the S&P 500 and Dow Jones Industrials up slightly, while the Nasdaq fell. The S&P and Dow rebounded from two-week lows, driven by strong performance in chipmakers and AI infrastructure stocks, but gains were limited by weakness in big tech. Higher bond yields put pressure on stocks, with the ten-year Treasury note yield reaching a 1.5-week high. Cybersecurity and insurance shares also weighed on the market, while European stocks provided some support. Chip leaders like Sandisk and Micron Technology surged, and crypto-related stocks rallied on Bitcoins rise. Tesla dragged on the market after weaker-than-expected deliveries, and cybersecurity and insurance names fell. Sable Offshore soared after a court approved its pipeline restart. Futures pointed mixed for the weekend, with a low chance of a Fed rate cut in January. Checkout Solipillow.com
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