Nasdaq falls 0.46% to 25,525 points: Tesla drops significantly, Micron shines
On Monday, December 29, the Nasdaq Composite slightly declined, losing 0.46% to close at 25,525.56 points. In a year-end session characterized by reduced trading volumes, the US tech index showed a mixed profile between semiconductor stocks and growth leaders. Tesla particularly struggled, while Micron Technology stood out among the top gainers.
Micron and Defensive Stocks Stand Out
Memory chip manufacturer Micron Technology led the day's gains with a 3.36% rise to $294.37, benefiting from renewed investor interest in the semiconductor segment. Following behind, Verisk climbed 2.00% to $224.74, while sports apparel brand Lululemon Athletica increased by 1.71% to $212.54. Shale oil producer Diamondback Energy rose 1.54% to $148.57, in line with a rebound in crude prices. Intel, in the midst of restructuring, advanced 1.33% to $36.68. Mobile operator T-Mobile US gained 1.07% to $203.15, followed by cable operator Charter Communications, up 0.91% to $209.04. Rounding out the list of main gainers are CoStar Group, up 0.88% to $67.60, Mondelez International, rising 0.73% to $55.04, and Comcast, up 0.71% to $29.87.
Tesla Sinks as Tech Stocks Feel the Pressure
Conversely, Tesla marked the largest decline in the index, dropping 3.27% to $459.64, continuing its downward adjustment from recent weeks. Data analytics specialist Palantir Technologies fell 2.40% to $184.18, while Applovin Corp dropped 2.16% to $698.82. MicroStrategy, with its significant exposure to Bitcoin, decreased by 2.15% to $155.39 amid cryptocurrency volatility. E-commerce platform Shopify lost 1.73% to $167.88. In the semiconductor sector, Onsemi slid 1.66% to $54.02, and equipment manufacturer KLA Corporation declined 1.50% to $1,260.39. Meal delivery service DoorDash fell 1.26% to $231.01. Lam Research and Nvidia also ended in the red, dropping 1.24% to $175.87 and 1.21% to $188.22, respectively.
Year-End Anticipation
This mixed session reflects the anticipation hovering over Wall Street as we enter the final stretch of 2025. With no major catalyst or significant economic release, investors have shifted between profit-taking on the year's best-performing stocks and tactical repositioning. As a result, the Nasdaq closed this second-to-last session of December at 25,525.56 points, awaiting the final year-end adjustments and the review of a 2025 marked by hopes and doubts surrounding artificial intelligence.
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