Dow slips as Nvidia, Goldman drag blue chips in thin year-end trade

Dow slips as Nvidia, Goldman drag blue chips in thin year-end trade

NEW YORK, December 29, 2025, 13:54 ET — Regular session

  • The Dow was down about 0.5% in afternoon trade as Nvidia and other big-priced components weighed. Investing.com+1
  • Investors are navigating the final, holiday-shortened week of the year with Fed minutes and jobless claims ahead. Reuters
  • Oil rose while gold and silver slid sharply, adding to choppy sector moves. Investing.com+1

The Dow Jones Industrial Average fell on Monday as year-end trading turned cautious and several high-priced blue chips slid. Investing.com+1

The pullback matters now because U.S. stocks are heading into the last stretch of 2025 near record levels, when thin holiday volumes can exaggerate moves. Reuters

Some investors are watching for a “Santa Claus rally,” a seasonal pattern in which the S&P 500 often rises in the last five trading days of the year and the first two of January, according to the Stock Trader’s Almanac. Reuters

At 1:54 p.m. ET, the Dow was down 222.59 points, or 0.46%, at 48,488.38. The S&P 500 fell 0.41% and the Nasdaq Composite lost 0.63%. Investing

The Dow opened at 48,636.63 and has ranged between 48,390.91 and 48,704.83 so far in the session, data showed. Investing

Nvidia slid 1.57% and Home Depot, Goldman Sachs, American Express and JPMorgan were also among the index’s biggest laggards. Investing

Chevron gained 0.67%, while Walt Disney, Coca-Cola, Walmart and Boeing also advanced. Investing

Moves in higher-priced Dow components can carry extra weight because the index is price-weighted, meaning the share price — not market value — drives influence on the benchmark. MarketWatch

In the broader macro backdrop, U.S. crude futures rose about 2% to $57.91 a barrel. The 10-year Treasury yield eased to around 4.117%. Investing

Gold futures fell 4.5% and silver futures dropped 8.66%, after last week’s precious-metals surge cooled. Reuters reported silver slid after topping $80 an ounce for the first time, while gold pulled back after consecutive record highs. Investing.com+1

“This is (not) the beginning of the end of the tech dominance, it’ll turn out to be a buying opportunity,” Hank Smith, director and head of investment strategy at Haverford Trust, told Reuters. Reuters

Even with Monday’s dip, the Dow and the S&P 500 were on pace for an eighth straight monthly gain, and the S&P 500 is up about 17% so far this year, Reuters reported. U.S. markets are closed on Thursday for New Year’s Day, leaving three sessions to wrap up 2025. Reuters

Outside the Dow, DigitalBridge rose after SoftBank agreed to buy the digital-infrastructure investor in a deal valued at $4 billion, Reuters reported. Traders also have minutes from the Fed’s previous meeting and weekly jobless claims ahead in an otherwise data-light week. Reuters+1

Stock Market Today

  • AVI Japan Opportunity Trust plc Announces Buy-Back of Own Shares (95,000) Placed in Treasury
    December 29, 2025, 2:01 PM EST. AVI Japan Opportunity Trust plc has completed a buy-back of 95,000 ordinary shares (about 0.0383% of issued share capital) at 170.00p per share, with the shares placed in treasury. The move was undertaken under the authority granted at the AGM held on 20 May 2025. Post-transaction, shares in issue are 247,873,823, treasury shares total 4,285,716, and Total Voting Rights amount to 243,588,107. This reflects ongoing capital-management activity and preserves optionality for future re-use or cancellation of treasury shares.
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