Stock indexes are down today, with the S&P 500, Dow Jones Industrials, and Nasdaq 100 all in the red. Tech shares are retreating, leading to market decline. Broadcom’s sales outlook miss caused a chip sector drop, with tech stock rotation fueling industrial stock support for the Dow. Fed comments on inflation are impacting T-note yields and stocks.

Q3 earnings season saw 83% of S&P 500 companies beating forecasts, with a +14.6% rise in earnings. Overseas markets are up, with Euro Stoxx 50, Shanghai Composite, and Nikkei Stock 225 all seeing gains. T-notes face pressure from hawkish Fed comments, steepening trades, and inflation concerns.

Broadcom’s disappointing sales outlook led chip stocks lower, with Micron Technology, Lam Research, and others down significantly. AI-related stocks like Vertiv Holdings and GE Vernova are also under pressure. On the positive side, Quanex Building Products, Lululemon Athletica, General Electric, and others are up after strong earnings reports.

Sandisk, Netskope, Ciena Corp, Roblox, and Veeva Systems are down after downgrades and negative earnings reports. Positive movers include Quanex Building Products, Lululemon Athletica, General Electric, Phathom Pharmaceuticals, and Bristol-Myers Squibb after upgrades and strong earnings.

Linde Plc is up after Citigroup named it a top pick. Earnings reports for 12/12/2025 include Johnson Outdoors Inc, SR Bancorp Inc, and Value Line Inc. Markets are reacting to a mix of company performance, analyst ratings, and broader economic factors.

Read more at Nasdaq: Stocks Tumble on Tech Stock Weakness and Higher Bond Yields