Stock indexes are mixed today, with the S&P 500 down by -0.02%, Dow Jones down by -0.25%, and Nasdaq up by +0.33%. Expectations of a Fed rate cut and bullish seasonals are supporting stocks. Chip stocks are strong. M&A activity boosts Confluent by +27% and Carvana by +7%.

The market anticipates a 25 bp rate cut at the FOMC meeting. Q3 earnings surpass forecasts with a 14.6% rise. Overseas markets are up, with Chinese exports and imports showing mixed results. Trump may choose Kevin Hassett to succeed Powell at the Fed, raising concerns about Fed independence.

Cryptocurrency stocks surge with Bitcoin up over +3%. Kymers Therapeutics sees a +41% jump after positive trial results. Confluent up +27% post-IBM acquisition. Warner Bros Discovery and Carvana rise on S&P 500 inclusion. CRH Plc and Compass Inc also show strong gains.

Marvell Technology leads Nasdaq 100 losers with an -8% drop. CoreWeave down -5% after convertible notes announcement. Range Resources and Rivian Automotive down over -2%. Lennar and Tesla also decline. Earnings reports include Barnes & Noble Education, Toll Brothers, and more on 12/8/2025.

Read more at Nasdaq: Stocks Mixed as Bond Yields Rise