US close: Stocks lower as late-December rally loses steam

(Sharecast News) - Major indices closed lower on Monday as the lateDecember rally showed signs of losing momentum.

At the close, the Dow Jones Industrial Average was down 0.51% at 48,461.93, while the S&P 500 shed 0.35% to 6,905.74, and the Nasdaq Composite saw out the session 0.50% weaker at 23,474.35.

The Dow closed 249.04 points lower on Monday, extending losses recorded in the previous session, with the blue-chip index being knocked further from Wednesday's record high.

Major indices headed south on Monday, even as many investors were still away for the holidays, and with just a few sessions left in 2025, attention has now started to turn to whether or not Wall Street will be able to maintain its lateyear footing and extend the positive run that has characterised much of December into 2026.

On the macro front, US pending home sales unexpectedly surged in November, according to the National Association of Realtors, hitting the highest level since February 2023. Based on signed contracts, pending home sales rose 3.3% month-on-month, better than expectations for a softer 1% increase and October's upwardly revised 2.4% gain. On an annualised basis, pending home sales were up 2.6%.

Elsewhere, the Dallas Federal Reserve's manufacturing index decreased to -10.90 in December, down from -10.40 in November to its lowest level since June.

No major corporate earnings were released on Monday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Intel Corp. (INTC) $36.68 1.33%

Chevron Corp. (CVX) $151.26 0.65%

Walt Disney Co. (DIS) $114.26 0.55%

Nike Inc. (NKE) $61.04 0.46%

Coca-Cola Co. (KO) $70.20 0.42%

Boeing Co. (BA) $217.41 0.37%

Dow Chemical Co. (DOW) $23.17 0.26%

International Business Machines Corporation (CDI) (IBM) $307.23 0.21%

Apple Inc. (AAPL) $273.76 0.13%

Salesforce.Com Inc. (CRM) $266.49 0.06%

Dow Jones - Fallers

Goldman Sachs Group Inc. (GS) $895.93 -1.64%

American Express Co. (AXP) $376.20 -1.50%

JP Morgan Chase & Co. (JPM) $324.18 -1.27%

Amgen Inc. (AMGN) $329.65 -0.99%

Unitedhealth Group Inc. (UNH) $329.49 -0.87%

Caterpillar Inc. (CAT) $578.56 -0.75%

McDonald's Corp. (MCD) $308.59 -0.69%

Home Depot Inc. (HD) $346.26 -0.67%

Cisco Systems Inc. (CSCO) $77.79 -0.47%

3M Co. (MMM) $161.53 -0.22%

S&P 500 - Risers

Micron Technology Inc. (MU) $294.37 3.36%

Bath & Body Works, Inc. (BBWI) $20.31 3.23%

eBay Inc. (EBAY) $87.74 2.97%

Under Armour Inc. Class A (UAA) $4.74 2.80%

Helmerich & Payne Inc. (HP) $28.56 2.55%

Under Armour, Inc. (UA) $4.51 2.48%

Verisk Analytics Inc. (VRSK) $224.74 2.00%

FMC Corp. (FMC) $13.69 1.99%

Arista Networks Inc. (ANET) $133.92 1.75%

Coterra Energy Inc. (CTRA) $26.08 1.59%

S&P 500 - Fallers

Newmont Corporation (NEM) $99.75 -5.64%

Albemarle Corp. (ALB) $144.93 -3.62%

Advance Auto Parts (AAP) $40.03 -3.35%

Kohls Corp. (KSS) $20.72 -3.25%

Ipg Photonics Corp. (IPGP) $72.92 -3.01%

Freeport-McMoRan Inc (FCX) $51.76 -2.94%

Best Buy Co. Inc. (BBY) $67.69 -2.54%

Alaska Air Group Inc. (ALK) $50.37 -2.33%

DENTSPLY Sirona Inc. (XRAY) $11.26 -2.30%

HP Inc (HPQ) $22.73 -2.28%

Nasdaq 100 - Risers

Micron Technology Inc. (MU) $294.37 3.36%

eBay Inc. (EBAY) $87.74 2.97%

Verisk Analytics Inc. (VRSK) $224.74 2.00%

Baidu Inc. (BIDU) $126.81 1.61%

Intel Corp. (INTC) $36.68 1.33%

T-Mobile Us, Inc. (TMUS) $203.15 1.07%

Liberty Global plc Series C (LBTYK) $11.10 0.95%

Charter Communications Inc. (CHTR) $209.04 0.91%

NetEase Inc. Ads (NTES) $139.31 0.90%

Liberty Global plc Series A (LBTYA) $11.19 0.77%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $10.50 -8.58%

Tesla Inc (TSLA) $459.64 -3.27%

DENTSPLY Sirona Inc. (XRAY) $11.26 -2.30%

American Airlines Group (AAL) $15.14 -1.94%

Seagate Technology Plc (STX) $281.30 -1.72%

Wynn Resorts Ltd. (WYNN) $122.27 -1.68%

KLA-Tencor Corp. (KLAC) $1,260.39 -1.50%

Lam Research Corp. (LRCX) $175.87 -1.24%

Nvidia Corp. (NVDA) $188.22 -1.21%

Western Digital Corp. (WDC) $179.68 -1.02%