Stock Market 13 December 2025

U.S. markets reopened after the Juneteenth holiday with mixed results. Coherent finished just below a 52-week high, driven by a $50 million CHIPS letter and signals about U.S. indium phosphide capacity, amid China’s stricter indium controls. Lumentum shares rose 6.1%, tracking a rally in Coherent, which counts Nvidia as a backer. Applied Optoelectronics climbed 7.8% after a China unit doubled its credit line, supporting manufacturing expansion. The S&P 500 fell 0.48% and the Nasdaq dropped 1.41% as Alphabet lost around 5.5%-6%, with Meta, Amazon, and Microsoft also down on investor concerns. The Dow gained 0.28%, helped by Caterpillar and Visa. Palantir slid over 6% to a new 52-week low as software stocks slumped and investors questioned AI spending and valuations. UiPath traded down 1.2% ahead of its annual meeting, with attention on recurring-contract growth and buyback capacity. Ondas slipped 1.9% after announcing over $40 million in defense orders and filing to register acquisition-linked shares. SoFi fell 3.6% as traders weighed insider buying, a weak chart, and its stablecoin push. Rocket Lab dropped 7.2% despite joining the Nasdaq-100, with sector weakness and SpaceX’s performance cited. CoreWeave and Nebius, also new Nasdaq-100 members, fell 8.5% and 2.2% respectively after recent rallies. Bloom Energy stayed above last week’s record as AI data-center builders eyed power supply. VanEck Semiconductor ETF saw $6.93 billion in net inflows, accounting for 32% of all U.S. tech fund inflows that day. IBM’s decline was attributed to concerns about AI’s impact on consulting, not company-specific warnings. Federal Direct Loan borrowers using auto pay will get a temporary 1-point rate cut. ITG launched an IPO valuing it up to $2.67 billion. AbbVie offered a 49% premium to acquire Apogee, which is advancing an eczema drug. FTSE Russell will finalize index rebalancing, with past sessions seeing heavy trading. SCHD attracted inflows as investors revisited dividend funds amid volatile tech stocks and steady Treasury yields.