The Nasdaq fell 2.60% to 26,008.86 and the S&P 500 dropped 1.21% to 7,663.43, while the Dow edged up 0.02% to 52,867.98. Meta sank 6.98%, Amazon lost 4.57% and Nvidia declined 4.40%; Apple bucked the trend, rising 1.23%. The VIX volatility index rose 3.42% to 19.68. December crude oil gained 1.42% to $100.88, December gold slipped 0.51% to $4,039.70 and bitcoin added 0.34% to $81,590.40.
In the headlines, SpaceX’s cell-site ambitions lifted tower stocks and weighed on carriers. U.S. airlines favored higher fares over fuller planes as fuel costs squeezed profits. Chevron is applying its Permian approach in Argentina’s “Dead Cow” oil region, while BYD plans to double capacity at its Brazilian plant. New Mexico’s outside lawyers could collect up to $1.27 billion in the Meta case.
What to watch: whether weakness in major tech shares persists and rising oil prices add pressure on airlines. BofA flagged further downside risk for stocks, yields and the dollar, while cyber experts warned that AI-discovered bugs could trigger fresh disruptions.