Stock Market Update
02-Jan-26 11:05 ET
Technology sector under pressure despite strong chipmaker gains
Dow +54.83
at 48117.91,
Nasdaq -64.43
at 23177.59,
S&P -8.74
at 6836.75
[BRIEFING.COM] The major averages continue to trade in a mixed fashion.
The top-weighted information technology sector is now flat after an early gain of over 1.5%. Microsoft (MSFT 473.58, -10.04, -2.07%) and Palantir Technologies (PLTR 172.63, -5.12, -2.88%) are among the mega-cap laggards in the sector.
Despite the sharp reversal, chipmaker names are still outperforming, with the PHLX Semiconductor Index up 3.2%.
