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Informist, Wednesday, Dec. 31, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices close lower Tue, down for 3rd straight session

 

MUMBAI--0742 IST--All three major US equity indices closed slightly lower Tuesday, falling for the third consecutive session. The indices were dragged down by losses in technology stocks Palantir Technologies and Nvidia Corp., both recording back-to-back sessions of a drop. 

 

Shares of Nvidia and Palantir fell 0.4% and nearly 2%, respectively. However, both stocks, along with peers such as Advanced Micro Devices, have seen phenomenal gains this year, according to a CNBC report. Shares of Nvidia have risen 39% during the year, Palantir has surged 139%, and Advanced Micro Devices has jumped 78%. Gains in artificial intelligence stocks are set to continue next year as well, according to Bill Northey of US Bank Asset Management, the CNBC report said. 

 

Shares of communication companies were the highest gainers during the session due to a rise in shares of Meta Platforms, according to a Reuters report. The stock was up over 1%. The company said it would acquire Manus, a Chinese-founded AI start-up, to accelerate its efforts to integrate advanced AI across its platforms such as Facebook and Instagram, Reuters said. A source familiar with the matter told Reuters that the deal to acquire the Singapore-based firm was valued between $2 billion and $3 billion.

 

Shares of Citigroup fell nearly 1%, a day after the board approved the sale of its Russian unit, AO Citibank, to Renaissance Capital, leading to a pre-tax loss of around $1.2 billion due to currency translation. "We believe investors will look past it as a non-core item and focus more on the idea that resolution of another legacy issue is getting closer to the finish line – a positive for (Citi's) ongoing transformation," R. Scott Siefers, analyst at Piper Sandler, said in a note, according to Reuters. 

 

Russia said it would toughen its stance on negotiations to end the Ukraine war, accusing Kyiv of attacking a Russian presidential palace. This led to a rise in oil prices, with the S&P 500 Energy Sector outperforming its peers, rising 0.7%, according to the Reuters report.

 

Minutes of the US Federal Reserve's December meeting showed that policymakers were divided over the 25 basis point rate cut earlier this month, CNBC said. "With respect to the extent and timing of additional adjustments to the target range for the federal funds rate, some participants suggested that, under their economic outlooks, it would likely be appropriate to keep the target range unchanged for some time after a lowering of the range at this meeting," the minutes said, according to the CNBC report.         

 

Following are the closing levels of US indices Tuesday:

 

Index	Level	Change in %
S&P 500	6896.24	(-)0.14
NASDAQ Composite	23419.08	(-)0.24
Dow Jones Industrial Average	48367.06	(-)0.20

 

(Akshat Saksena)

 

US$1 = INR 89.79

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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