Wall Street ends lower; fears of AI bubble and inflation send investors away
By Sinéad Carew and Johann M Cherian
Fri December 12, 2025 4:41 PM
After reaching record heights on Wednesday and Thursday, the indexes took a dip on Friday when the Fed dissenters to Wednesday cut came out front and center again with their pronounced reservations that the cut was not necessary and will likely create more inflation. This combined with both Oracle and Broadcom turning in depressed forecasts sent both stocks down and the overall Nasdaq and S&P on resumed fears of an AI bubble. Oracle alone lost more than 15% of its value in the last two days.
But after yesterday’s record breakers, it’s not unreasonable that investors took a breath today, especially with nonfarm payrolls, consumer inflation, and retail sales data coming next week. Once again, the markets are being cautious heading into big numbers, with the rotation taking place out of tech and into more defensive sectors. For once, volume has exceeded the 17.25 billion average, coming in at 18.08 billion.
DJ: 48,704.01 +646.26 NAS: 23,593.86
-60.30 S&P: 6,901.00
+14.32 12/11
DJ: 48,458.05 -245.96 NAS: 23,195.17
-398.69 S&P: 6,827.41
-73.59 12/12
No comments:
Post a Comment