Stock Market 15 December 2025

Markets saw notable divergence as the Dow Jones Industrial Average rose 0.28% while the Nasdaq fell over 1%, pressured by declines in large technology stocks. Alphabet dropped around 5.5%-6%, with Meta, Amazon, and Microsoft also falling as investors questioned the payoff from heavy AI spending. Amazon closed down 4.75%, and Nvidia lost 0.97%. Apple slipped 0.3% but outperformed most big tech names, remaining up about 2% over the past five sessions. Marvell Technology, debuting in the S&P 500, ended down 0.9% but remains up over 260% year-to-date due to AI infrastructure demand. SpaceX shares dropped 16.43% to $154.60, impacting Scottish Mortgage Investment Trust and other FTSE tech trusts. SpaceX’s decline followed the launch of its first bond sale, aiming to raise at least $20 billion. Keel Infrastructure Corp. surged 5.9% to a new 52-week high as investors targeted its power assets for potential AI data center use. Nexentis Technologies more than doubled after an AI drug-discovery update, though it pulled back after hours. Nokia rose 4.2% in Helsinki and 7% in the U.S. after expanding its AI network-software partnership with Google Cloud. Infleqtion gained about 5% on news of a White House-backed quantum-space initiative, though risks remain around losses and unproven hardware. Tesla rose 1.14% as focus stayed on its robotaxi strategy and possible closer ties between Elon Musk’s companies. Chipotle fell 6%, Snap remains 19% below its June 15 close, and Grab ended 2.24% lower despite higher revenue and profit.