By William Collins, consultant in stock markets – Eurasia Business News, December 13, 2025. Article no 1930
Wall Street, Manhattan, New York City- Photo credit : William Collins
The S&P 500 pulled back from record levels on Friday, December 12, and finished the session lower as a sharp sell-off in major technology names hit the broader market. Tech-led weakness also dragged down the Nasdaq, while the Dow slipped more modestly.
The S&P 500 fell by a little over 1% on December 12, retreating from the record closing high it had set in the prior session. The Nasdaq Composite dropped roughly 1.7–1.9%, underperforming as heavily weighted tech and AI-related stocks slumped, while the Dow Jones Industrial Average declined by about 0.4–0.5% after briefly touching record territory.
The Dow Jones Industrial Average slipped about 0.5% (around 246 points) to finish near 48,458, pulling back from its own record high.
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The Nasdaq Composite dropped roughly 1.7%, reflecting heavier pressure on large-cap tech and AI-related names.
Broader U.S. market
The small‑cap Russell 2000 index also declined about 1.5% on the day, though it remained up for the week after recently setting a record.
For the week ending December 12, the S&P 500 slipped around 0.6%, the Nasdaq lost about 1.6%, while the Dow still managed a gain of roughly 1%.
Tech stocks’ role
A steep drop in Broadcom was a central driver of the tech sell-off, with the chipmaker sliding around 10–11% after its earnings and outlook raised doubts about AI-related growth, margins, and backlog. The weakness followed an earlier hit to sentiment from Oracle and pressure on other large-cap tech and AI beneficiaries, prompting investors to rotate into more defensive and cyclical sectors.
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Context for the pullback
Despite the decline on December 12, the S&P 500 remained up solidly over the past month and year, reflecting a strong run that had recently carried it to new highs. The pullback capped a tough week for big tech but came against a backdrop of optimism about interest-rate cuts and ongoing strength in parts of the broader equity market, including small caps and cyclical shares.
Gold and Silver prices Hit Record
Gold and silver were both trading near record-high territory around December 12-13, with gold above 4,300 dollars per ounce and silver also elevated by historical standards. Prices reflect strong safe-haven demand, support from expectations of easier U.S. monetary policy, and sustained investor interest in precious metals.
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On December 12, silver spot prices reached an all-time high of $64.64 per ounce before closing lower due to profit-taking, and continued to trade around $63.03 per ounce on December 13.
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© Copyright 2025 – Eurasia Business News. Article no. 1930
Eurasia Business News 