Wall Street edges lower, Nvidia dips 2%, Broadcom slides 1.3%, Tesla drops 2.2%

The major stock indices on Wall Street edged lower on Monday, led by technology shares after last week's gains.

Volatility gripped the markets as optimistic consensus is taking hold that the rally in tech stocks will extend in 2026.

At 11:13 a.m. ET, the Dow Jones Industrial Average fell 217.14 points, or 0.45%, to 48,493.83, the S&P 500 lost 28.77 points, or 0.42%, to 6,901.26 and the Nasdaq Composite lost 150.02 points, or 0.63%, to 23,443.07.

At 09:35 a.m. ET, the Dow Jones Industrial Average fell 66.86 points, or 0.14%, to 48,645.62, the S&P 500 lost 22.08 points, or 0.32%, to 6,907.86 and the Nasdaq Composite lost 142.90 points, or 0.61%, to 23,450.20.

At the opening bell, the Dow Jones Industrial Average fell 74.3 points, or 0.15%, to 48,636.63. The S&P 500 fell 26.3 points, or 0.38%, to 6,903.6​, while the Nasdaq Composite dropped 178.4 points, or 0.76%, to 23,414.679.

With only three trading days remaining in 2025, the S&P 500 has gained over 17% so far this year. Very little trading is expected during this short holiday week, as the US markets will be closed on Thursday for New Year’s Day.

Looking at the S&P 500 sectoral indices, six out of 11 benchmarks moved up. Energy rose 0.7% because of a jump in oil prices. However, information technology dropped 0.7% as most AI and tech stocks lost value.

The materials also fell 0.7%. Metal mining companies saw their prices drop after silver fell quickly, even though it recently crossed $80 per ounce for the first time.

In the bond market, Treasury yields fell. The yield on the 10-year Treasury fell to 4.12% from 4.13% late on Friday.

Key Stock Movers

Stocks of Nvidia fell 2%, Palantir Technologies declined 1.4%, and Broadcom slid 1.3%.

Tesla shares dropped 2.2% after hitting a record high last week.

DigitalBridge stock rallied 9.8% after Japan's SoftBank Group was set to acquire the digital infrastructure investor in a deal valued at $4 billion.

Exxon Mobil stock gained 0.9%.

Bullion Market

Gold and silver prices retreated sharply on Monday, as investors booked profits after recent rallies.

At 9:57 a.m. ET (1457 GMT), spot gold fell 3.6% to $4,367.97 an ounce, after hitting a record $4,549.71 on Friday. US gold futures for February delivery lost 3.6% to $4,387.40.

Gold has surged about 65% this year on geopolitical uncertainty, weaker US dollar, and strong safe-heaven demand.

Silver declined 7.9% to $72.87 an ounce, retreating from a record high of $83.62 hit earlier in the session. Platinum tumbled 12% to $2,157.09/oz after touching a record peak of $2,478.50 earlier in the session

Spot palladium plunged 15% to $1,634.04/oz.

Crude Oil

Oil prices advanced on Monday as traders braced for potential supply disruptions in the Middle East due to rising tensions in Yemen, and Russia claimed Ukraine had launched a drone attack on a Russian presidential residence.

Brent crude futures rose $1.22, or 2%, to $61.86 a barrel by 12:03 p.m. ET (1703 GMT), while US West Texas Intermediate crude was up $1.29, or 2.3%, at $58.03.

Yemen's Saudi-led coalition said any military moves by the main southern separatist group in the eastern province of Hadramout that undermined de-escalation efforts

would be countered

to protect civilians, the Saudi state news agency reported on Saturday.