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Informist, Thursday, Jan. 8, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices end mixed Wed; S&P 500 dn as bk, energy stocks fall

 

MUMBAI--0748 IST--US indices ended mixed on Wednesday, with the S&P 500 and the Dow Jones Industrial Average pulling back from record levels. Banking and energy sector stocks led to the fall in indices, while technology stocks lifted the Nasdaq Composite, which ended 0.2% higher. 

 

Financial sector stocks such as JP Morgan, Bank of America, and Wells Fargo fell. JP Morgan was down 2.3?ter Wolfe Research downgraded the stock to "peer perform" from "outperform," Reuters reported. Blackstone and Apollo Global Management fell more than 5%, which led to a 1.4?cline in the S&P financials index. In the energy sector, Exxon Mobil fell 2%, Chevron was down over 1%, and ConocoPhillips down over 3%.

 

Shares of oil refiners, Valero Energy and Marathon Petroleum rose 3% and 1%, respectively on positive sentiment that oil sales from Venezuela will continue and sanctions would be reduced, CNBC reported, citing sources.

 

Tech giants Nvidia and Microsoft rose about 1?ch and Google's parent company Alphabet rose more than 2%. The stocks were up as investors shifted back to artificial intelligence-related stocks following recent worries about overvaluation, Reuters reported.   

 

Following are the closing levels of US indices Wednesday:  

 

Index	Level	Change in %
S&P 500	6920.93	(-)0.34
NASDAQ Composite	23584.27	0.16
Dow Jones Industrial Average	48996.08	0.94

     

 

(Adhithya Aji)

 

US$1 = INR 89.88

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

 

Edited by Vandana Hingorani

 

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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