Market Decline Triggered by Megacap Tech Stocks and Metal Prices Drop

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On December 29, 2025, U.S. stock indexes are facing a downward trend, with the S&P 500 Index down 0.24%, the Dow Jones down 0.09%, and the Nasdaq 100 down 0.24%. March E-mini S&P futures are down 0.28% and March E-mini Nasdaq futures are down 0.27%. Key losses are observed in major technology stocks and mining sectors, amid falling metal prices.

In economic updates, November pending home sales rose by 3.3% month-on-month, exceeding expectations of 0.9%, while the December Dallas Fed manufacturing outlook unexpectedly declined to -10.9 from last month’s -10.4. The 10-year Treasury yield has fallen to a one-week low of 4.10%. Additionally, WTI crude oil prices have increased over 2% as global geopolitical tensions persist.

Silver and platinum prices saw significant declines, dropping 8% and 4% respectively, following a recent surge and profit-taking. The CME also raised margin levels for precious metals trading, further influencing market dynamics. Energy stocks are showing gains, supported by rising crude oil prices.

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