Stock Market Update
17-Dec-25 14:30 ET
S&P 500 falls 0.98%; GE Vernova, Constellation, Lam lag, Texas Pacific rises
Dow -161.02
at 47953.03,
Nasdaq -352.55
at 22758.94,
S&P -66.86
at 6733.39
[BRIEFING.COM] The S&P 500 (-0.98%) is in second place on Wednesday afternoon, down 67 points.
Briefly, S&P 500 constituents GE Vernova (GEV 624.92, -61.30, -8.93%), Constellation Energy (CEG 335.56, -30.65, -8.22%), and Lam Research (LRCX 154.51, -8.75, -5.36%) dot the bottom of the standings. GEV and CEG trade lower after an FT report flagged potential funding issues for Oracle (ORCL 179.06, -9.55, -5.09%) Michigan data center, stoking concerns that financing strains could delay or derail hyperscale AI projects. The risk of slower data center buildouts pressured names tied to rising power demand like GEV and CEG, while nuclear plays such as Oklo faced renewed doubts over SMRs as a near-term solution amid tighter capital conditions, while LRCX is dragged lower by general weakness in chip and tech stocks.
Meanwhile, Texas Pacific Land Trust (TPL 877.11, +56.42, +6.87%) is bucking the trend lower, but still down -20.7% YTD.
