Traders work on the floor of the New York Stock Exchange in New York, Dec. 29, 2025.
Michael Nagle | Bloomberg | Getty Images
Stock futures were relatively unchanged overnight, after the S&P 500 posted back-to-back losses amid mounting pressure across the tech sector.
S&P 500 futures were virtually flat, while futures tied to the Dow Jones Industrial Average were up just 6 points, or 0.01%. Nasdaq 100 futures were marginally up.
In regular trading, the S&P 500 fell 0.35% on Monday, while the tech-heavy Nasdaq Composite shed 0.5%. The 30-stock Dow dropped 249 points, or 0.51%, during the same period.
Investors sold off some of this year’s big tech winners, with artificial technology plays Nvidia dropping more than 1% and Palantir Technologies sliding 2.4%. Oracle lost 1.3% on the day. Tesla tumbled more than 3%.
“What you’re seeing is that people are concerned about overbuilding this [AI] bubble,” BD8 Capital Partners CEO Barbara Doran said Monday on CNBC’s “Closing Bell: Overtime.”
Losses in the materials sector also pressured the market on Monday. Precious metals miner Newmont closed down 5.6% after silver futures posted their worst day since 2021.
On Tuesday, traders will be watching for home price data due at 9 a.m. ET. The Federal Reserve’s December meeting minutes are also expected, slated for a 2 p.m. release.
Looking ahead, the public markets will be closed Thursday for New Year’s Day.
Where the indexes stand with two trading sessions left in 2025
The three major averages are on pace for double-digit gains in the year. The S&P 500 is on pace for a 17.4% advance, while the Nasdaq Composite is up more than 21% in 2025. The Dow Industrials are the laggard, up 13.9% on the year.
The S&P 500 in 2025
Within the broad market S&P 500, the communications services and information technology sectors are the top winners, up 32.5% and nearly 25% as the artificial intelligence trade enjoyed another hot year. Data storage play Western Digital is on pace for a nearly 300% surge in 2025, while Micron Technology has skyrocketed nearly 250%. Defense tech darling Palantir is toting a gain of more than 140%.
While all 11 sectors of the S&P 500 are positive year to date, real estate has been left in the dust. The sector is up just 0.5% in 2025, with some of the steepest declines belonging to Alexandria Real Estate Equities (off nearly 50%) and Iron Mountain (down 21%).
–Darla Mercado, Jason Gewirtz