Wall St ends mixed, healthcare and energy stocks weigh on S&P
By Abigail Summerville and Johann M Cherian
Tue December 16, 2025 4:31 PM
The Dow and S&P spent most of the day deeply in the red, the Dow down almost 500 points by 1 pm, before recovering to much more modest losses by close. The Nasdaq did better, actually making it into gains by late afternoon, with flat unemployment considered sufficient cause to raise the odds to two rate cuts in 2026 despite Fed statements of only one. As usual, any news promoting more rate cuts bolsters tech and transfers money out of industrials.
There’s just one problem, but it’s a big one. Investors are trying to use this data to predict Fed moves but since the data is so old due to the shutdown, it is considered distorted and unreliable. This will continue to be the case until the government agencies catch up. Retail sales data also came in flat and we’re still waiting for inflation data later this week. For a second day, volume is very close to the 4-week average of 16.99 billion, coming in at 16.7 billion.
DJ: 48,416.56 -41.49 NAS: 23,057.41
-137.76 S&P: 6,816.51
-10.90 12/15
DJ: 48,114.26 -302.30 NAS: 23,111.46
+54.05 S&P: 6,800.26
-16.25 12/16
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