Wall Street ends mixed as tech dips, defense stocks rally
By Purvi Agarwal and Noel
Randewich
Thu January 8, 2026 7:10 PM
The Dow headed straight up, the Nasdaq straight down as industrials reacted to a proposed strongly beefed up defense budget and tech, though AI is still hot, still haunted by valuation fears. Trump is proposing hiking the defense budget by at least 50% sending defense stocks way up. New unemployment claims rose modestly and the overall labor demand remains sluggish. All eyes are on tomorrow’s nonfarm payrolls for more hints on Fed rate policy for the coming year. Volume was heavy at 16.9 billion, passing the 16.3 average.
DJ: 48,996.08 -466.00 NAS: 23,584.28
+37.10 S&P: 6,920.93
-23.89 1/7
DJ: 49,266.11 +270.03 NAS: 23,480.02
-104.26 S&P: 6,921.45 +0.53 1/8
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