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. 1
- Investors are navigating the final, holiday-shortened week of the year with Fed minutes and jobless claims ahead. 2
- Oil rose while gold and silver slid sharply, adding to choppy sector moves. 1
The Dow Jones Industrial Average fell on Monday as year-end trading turned cautious and several high-priced blue chips slid. 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. 2
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. 2
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%. 1
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. 1
Nvidia slid 1.57% and Home Depot, Goldman Sachs, American Express and JPMorgan were also among the index’s biggest laggards. 1
Chevron gained 0.67%, while Walt Disney, Coca-Cola, Walmart and Boeing also advanced. 1
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. 3
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%. 1
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. 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. 2
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. 2
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. 4
