{"id":30562,"date":"2025-12-31T21:00:00","date_gmt":"2026-01-01T02:00:00","guid":{"rendered":"https:\/\/sharewatch.com\/wp\/2025\/12\/31\/stocks-settle-lower-on-tech-weakness-and-higher-bond-yields\/"},"modified":"2025-12-31T21:00:00","modified_gmt":"2026-01-01T02:00:00","slug":"stocks-settle-lower-on-tech-weakness-and-higher-bond-yields","status":"publish","type":"post","link":"https:\/\/sharewatch.com\/wp\/2025\/12\/31\/stocks-settle-lower-on-tech-weakness-and-higher-bond-yields\/","title":{"rendered":"Stocks Settle Lower on Tech Weakness and Higher Bond Yields"},"content":{"rendered":"<div class=\"layout__region nsdq-l-grid__item syndicated-article-body\">\n<section class=\"jupiter22-c-article-body\">\n<div class=\"body\">\n<div class=\"body__content\">\n<p>The\u00a0S&#038;P 500 Index ($SPX) (SPY) on Wednesday closed down -0.74%,\u00a0the Dow Jones Industrials Index ($DOWI)\u00a0(DIA) closed down -0.63%, and the\u00a0Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.84%.\u00a0 March E-mini S&#038;P futures (ESH26) fell -0.71%, and March E-mini Nasdaq futures (NQH26) fell -0.89%.<\/p>\n<p>Stock indexes retreated on Wednesday, with the S&#038;P 500, the Dow Jones Industrial Average, and the Nasdaq 100 sliding to 1.5-week lows.\u00a0 The weakness in chip stocks and data storage companies led the broader market lower on the last trading day of the year.\u00a0Also, mining stocks slid on Wednesday, with gold prices falling to a 2.5-week low and silver prices plunging more than -9%.\u00a0 In addition, higher bond yields are negative for stocks, as the 10-year T-note yield climbed +4 bp to 4.16% after weekly jobless claims unexpectedly fell to a 1-month low, a hawkish factor for Fed policy.<\/p>\n<div class=\"ads__inline\">\n<div id=\"js-dfp-tag-X4o\"  class=\"btf-bodymidpagetwothirdswidth-1\">          <script type=\"text\/javascript\">         googletag.cmd.push(function() {             \/\/ Check if ID matches ID in the window.adsList array before calling googletag.display             function isAdInAdsList(id) {             for (var i = 0; i < window.adsList.length; i++) {                 if (window.adsList[i].id === id) {                     return true;                 }             }             return false;         }         if (isAdInAdsList('js-dfp-tag-X4o')) {             googletag.display('js-dfp-tag-X4o');         }         });     <\/script> <\/div>\n<\/p><\/div>\n<p>     <span>Join 200K+ Subscribers: <\/span> Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.  <\/p>\n<p>\u00a0<\/p>\n<p>Trading activity was subdued on Wednesday, with volumes well below normal, as markets in Germany and Japan were closed for the New Year's holiday.\u00a0<\/p>\n<p>US weekly initial unemployment claims unexpectedly fell -16,000 to a 1-month low of 199,000, showing a stronger labor market than expectations of an increase to 218,000.<\/p>\n<p>Wednesday's better-than-expected Chinese economic news is supportive of global growth prospects.\u00a0 The China Dec manufacturing PMI rose +0.9 to 50.1, stronger than expectations of no change at 49.2 and the fastest pace of expansion in 9 months. \u00a0Also, the Dec non-manufacturing PMI rose +0.7 to 50.2, stronger than expectations of 49.6.<\/p>\n<p>Seasonal factors are bullish for stocks.\u00a0 According to data from Citadel Securities, since 1928, the S&P 500 has risen 75% of the time in the last two weeks of December, climbing 1.3% on average.<\/p>\n<div class=\"ads__inline\">\n<div id=\"js-dfp-tag-qfM\"  class=\"btf-bodymidpagetwothirdswidth-2\">          <script type=\"text\/javascript\">         googletag.cmd.push(function() {             \/\/ Check if ID matches ID in the window.adsList array before calling googletag.display             function isAdInAdsList(id) {             for (var i = 0; i < window.adsList.length; i++) {                 if (window.adsList[i].id === id) {                     return true;                 }             }             return false;         }         if (isAdInAdsList('js-dfp-tag-qfM')) {             googletag.display('js-dfp-tag-qfM');         }         });     <\/script> <\/div>\n<\/p><\/div>\n<p>Market attention this holiday-shortened week will focus on US economic news.\u00a0 On Friday, the Dec S&P manufacturing PMI is expected to remain unrevised at 51.8.\u00a0<\/p>\n<p>The markets are discounting the odds at 15% for a -25 bp rate cut at the FOMC's next meeting on January 27-28.<\/p>\n<p>Overseas stock markets settled mixed on Wednesday.\u00a0 The Euro Stoxx 50 closed down -0.08%. \u00a0China's Shanghai Composite closed up +0.09%. \u00a0Japan's Nikkei Stock 225 is closed for a bank holiday.<\/p>\n<p><strong>Interest Rates<\/strong><\/p>\n<p>March 10-year T-notes (ZNH6) on Wednesday closed down -6.5 ticks.\u00a0 The 10-year T-note yield rose +3.3 bp to 4.155%.\u00a0 Mar T-notes gave up an early advance on Wednesday and turned lower after US weekly jobless claims unexpectedly fell to a 1-month low, a sign of labor market strength that is hawkish for Fed policy.\u00a0 The weakness in stocks on Wednesday boosted some safe-haven demand for government debt and limited losses in T-notes.\u00a0<\/p>\n<p>European government bond yields moved lower on Wednesday.\u00a0 The 10-year German bund yield is not trading today, with German markets closed for the New Year's holiday.\u00a0 The 10-year UK gilt yield fell -1.9 bp to 4.479%.<\/p>\n<div class=\"ads__inline\">\n<div id=\"js-dfp-tag-yTQ\"  class=\"btf-bodymidpagetwothirdswidth-3\">          <script type=\"text\/javascript\">         googletag.cmd.push(function() {             \/\/ Check if ID matches ID in the window.adsList array before calling googletag.display             function isAdInAdsList(id) {             for (var i = 0; i < window.adsList.length; i++) {                 if (window.adsList[i].id === id) {                     return true;                 }             }             return false;         }         if (isAdInAdsList('js-dfp-tag-yTQ')) {             googletag.display('js-dfp-tag-yTQ');         }         });     <\/script> <\/div>\n<\/p><\/div>\n<p>Swaps are discounting a 1% chance of a +25 bp rate hike by the ECB at its next policy meeting on February 5.<\/p>\n<p><strong>US Stock Movers<\/strong><\/p>\n<p>Chip makers and data storage companies were under pressure on Wednesday, leading the overall market lower. \u00a0Micron Technology (MU), KLA Corp (KLAC), and Western Digital (WDC) closed down more than -2%.\u00a0 Also, Marvell Technology (MRVL), Seagate Technology Holdings (STX), Lam Research (LRCX), Microchip Technology (MCHP), Applied Materials (AMAT), Qualcomm (QCOM), and ARM Holdings Plc (ARM) closed down more than -1%.\u00a0<\/p>\n<p>The Magnificent Seven stocks settled lower, weighing on the broader market.\u00a0 Tesla\u00a0(TSLA) closed down -1.04%, Meta Platforms (META) closed down -0.88%, Microsoft (MSFT) closed down -0.79%, Amazon.com (AMZN) closed down -0.74%, Nvidia (NVDA) closed down -0.55%, (AAPL) closed down -0.38%, and Alphabet (GOOGL) closed down -0.27%.\u00a0<\/p>\n<p>Mining companies retreated on Wednesday after gold prices fell to a 2.5-week low and silver prices plunged more than -9%.\u00a0 Newmont (NEM), Barrick Mining (B), Freeport-McMoRan (FCX), Coeur Mining (CDE), and Hecla Mining (HL) closed down more than -1%.\u00a0<\/p>\n<p>Corcept Therapeutics\u00a0(CORT) closed down by more than -49% after the FDA rejected the company's relacorliant drug as a treatment for patients with hypertension secondary to hypercortisolism, saying it could not reach a favorable benefit-risk assessment without additional effectiveness data.<\/p>\n<div class=\"ads__inline\">\n<div id=\"js-dfp-tag-CPQ\"  class=\"btf-bodymidpagetwothirdswidth-4\">          <script type=\"text\/javascript\">         googletag.cmd.push(function() {             \/\/ Check if ID matches ID in the window.adsList array before calling googletag.display             function isAdInAdsList(id) {             for (var i = 0; i < window.adsList.length; i++) {                 if (window.adsList[i].id === id) {                     return true;                 }             }             return false;         }         if (isAdInAdsList('js-dfp-tag-CPQ')) {             googletag.display('js-dfp-tag-CPQ');         }         });     <\/script> <\/div>\n<\/p><\/div>\n<p>GlobalFoundries (GFS) closed down more than -3% after Wedbush downgraded the stock to neutral from outperform.\u00a0<\/p>\n<p>Vanda Pharmaceuticals\u00a0(VNDA) closed up more than +25% after the FDA approved the company's Nereus drug for the prevention of vomiting induced by motion.\u00a0<\/p>\n<p>Nike\u00a0(NKE) closed up more than +4% to lead gainers in the S&P 500 and Dow Jones Industrials on signs of insider buying after an SEC filing showed CEO Hill purchased about $1 million worth of shares on Monday.<\/p>\n<p>Terawulf Inc\u00a0(WULF) closed up more than +3% after Keefe, Bruyette & Woods upgraded the stock to outperform from market perform with a price target of $24.\u00a0<\/p>\n<p><strong>Earnings Reports(1\/2\/2026)<\/strong><\/p>\n<p>Lifecore Biomedical (LFCR).<\/p>\n<p><i>     On the date of publication,      Rich Asplund              did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.          For more information please view the Barchart Disclosure Policy      here. <\/i><\/p>\n<p>\u00a0<\/p>\n<div class=\"ads__inline\">\n<div id=\"js-dfp-tag-qkI\"  class=\"btf-bodymidpagetwothirdswidth-5\">          <script type=\"text\/javascript\">         googletag.cmd.push(function() {             \/\/ Check if ID matches ID in the window.adsList array before calling googletag.display             function isAdInAdsList(id) {             for (var i = 0; i < window.adsList.length; i++) {                 if (window.adsList[i].id === id) {                     return true;                 }             }             return false;         }         if (isAdInAdsList('js-dfp-tag-qkI')) {             googletag.display('js-dfp-tag-qkI');         }         });     <\/script> <\/div>\n<\/p><\/div>\n<p> More news from Barchart <\/p>\n<ul>\n<li>3 High-Yield Dividend Stocks Wall Street Still Trusts<\/li>\n<li>IonQ Is Bringing a 100-Qubit System to South Korea. Should You Buy IONQ Stock for 2026?<\/li>\n<li>AST SpaceMobile Just Made Satellite History. Should You Buy ASTS Stock for 2026?<\/li>\n<li>Buy This 1 Top AI \u2018Picks-and-Shovels\u2019 Stock Now for 2026<\/li>\n<\/ul>\n<p class=\"body__disclaimer\">The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p>        <script type=\"text\/javascript\">   \/\/ add oddAd class to every odd instance of body .ads__inline for different placeholder styles   let articleAds = document.querySelectorAll('.ads__inline');   for (let i = 0, len = articleAds.length; i < len; i++) {     \/\/ Do the below only if the curent count is less than 12     if ((i < 12) &#038;&#038; (i % 2 === 0)) {       articleAds[i].className += ' oddAd';     }   } <\/script>                                               <\/p>\n<div class=\"jupiter22-c-tags jupiter22-c-tags-default\">\n<h3 class=\"jupiter22-c-tags-title\">         Tags       <\/h3>\n<div class=\"jupiter22-c-tags-container\">Stocks<\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0S&#038;P 500 Index ($SPX) (SPY) on Wednesday closed down -0.74%,\u00a0the Dow Jones Industrials Index ($DOWI)\u00a0(DIA) closed down -0.63%, and the\u00a0Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.84%.\u00a0 March E-mini S&#038;P futures (ESH26) fell -0.71%, and March E-mini Nasdaq futures (NQH26) fell -0.89%. Stock indexes retreated on Wednesday, with the S&#038;P 500, the Dow Jones Industrial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[18],"tags":[],"class_list":["post-30562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock","entry","has-media"],"_links":{"self":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/30562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/comments?post=30562"}],"version-history":[{"count":0,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/30562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media\/30563"}],"wp:attachment":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media?parent=30562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/categories?post=30562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/tags?post=30562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}