Nasdaq down 0.57%: Tech under pressure, energy holds strong

Diamondback, Mondelez, and Costco leading the gains

The oil sector led the way on the Nasdaq this Thursday. Diamondback Energy surged 5.13% to close at $147.66, marking the biggest gain of the session. The food industry also performed well: Mondelez International rose 4.81% to $53.99, while Coca-Cola Europacific Partners increased by 3.17% to $88.14. In the retail sector, Costco demonstrated a solid rise of 3.71% to $915.31, benefiting from a favorable climate for defensive stocks. The trucking industry also made notable progress, with Old Dominion Freight Line up 3.23% to $171.07. Among other winners, MicroStrategy Inc. rebounded 3.18% to $166.97, Fastenal climbed 2.93% to $41.80, and Honeywell increased by 2.87% to $205.24. The healthcare sector also contributed to the movement with GE HealthCare up 2.80% to $88.16, and Baker Hughes rising 2.78% to $50.20, confirming the appetite for industrial and energy stocks.

Datadog falls 7.61% as software tech faces repercussions

Conversely, the technology sector suffered significant losses. Datadog plummeted 7.61% to $130.68, marking the largest drop on the Nasdaq for the session. Cloud specialist Atlassian fell 7.11% to $149.43, while Autodesk declined 5.86% to $276.58. Cybersecurity software was not spared, with Zscaler losing 4.69% to $220.32. The semiconductor sector also struggled. Micron Technology dropped 3.69% to $327.02, Applied Materials decreased 3.61% to $281.64, and Intel fell 3.57% to $41.11. GlobalFoundries retreated 4.16% to $38.91. Even Constellation Energy, which has been in the spotlight in recent months, fell 4.75% to $322.54. Finally, Trade Desk closed down 3.49% to $37.3, highlighting investor skepticism towards growth stocks at the start of the year.

A Mixed Start to the Year in the Markets

The session on January 8 once again highlighted the sector rotation observed over the past few weeks: energy, industrial, and consumer staples sectors are attracting investment flows, while tech is underperforming. The Nasdaq, currently at 25,507.1 points, shows a modest but symbolic decline of 0.57%, indicative of a cautious sentiment following the early days of 2026. No major events marked the day, but the gap between traditional sectors and technology remains striking. The upcoming sessions will reveal whether this trend becomes long-lasting or if the tech sector regains its momentum.