Stock indexes, including the S&P 500, Dow Jones, and Nasdaq 100, are down today, with tech stocks leading the losses. Metals prices fell sharply, impacting mining stocks. Bond yields are lower, with the 10-year T-note falling to 4.10%. March E-mini S&P and Nasdaq futures are also down.

US economic news is mixed, with Nov pending home sales beating expectations but the Dec Dallas Fed manufacturing outlook falling. Silver and platinum prices dropped after record highs, with technical selling and raised margin levels affecting metals trading.

Crude oil prices rose over 2%, supporting energy stocks amid failed peace talks and geopolitical tensions. Seasonal factors are bullish for stocks, historically rising in the last two weeks of December. The odds of a rate cut at the next FOMC meeting are 19%.

Overseas markets are mixed, with the Euro Stoxx 50 up and China’s Shanghai Composite hitting a 6-week high. Interest rates like 10-year T-notes and European government bond yields are moving lower. Swaps show a 0% chance of an ECB rate hike.

Stock movers include tech giants like Nvidia and Tesla down, while mining companies like Newmont and Hecla Mining are weaker due to falling gold and silver prices. Energy companies like Devon Energy and Chevron are up, with WTI crude rising over 2%.

Praxis Precision Medicine and DigitalBridge Group are up after positive developments, while Verisk Analytics is up after terminating an agreement. Coupang offered compensation for a data breach. No earnings reports are scheduled for today.

Read more at Nasdaq: Stocks Fall as Megacap Technology Stocks Slide and Metals Plunge