Stock Market Update
31-Dec-25 10:55 ET
Nasdaq Composite nearing 50-day moving average amid tech weakness
Dow -162.07
at 48204.78,
Nasdaq -77.81
at 23341.30,
S&P -23.44
at 6872.79
[BRIEFING.COM] The major averages continue to drift lower as the session progresses.
The information technology sector (-0.4%) is down 1.1% this week, giving back over half of last week's 1.8% rally. The vast majority of stocks in the sector are lower for the week, with Palantir Technologies (PLTR 180.36, -0.48, -0.27%) (-4.4% week-to-date), AppLovin (APP 686.84, -6.87, -0.99%) (-3.8% week-to-date), and Lam Research (LRCX 172.43, -1.35, -0.77%) (-3.1% week-to-date) among the notable laggards.
The tech-heavy Nasdaq Composite (-0.4%), which is down 1.1% this week, now sits just 0.3% above its 50-day moving average (23,249.95).
