It has been a low volume day as many traders and investors are still enjoying the holiday season.  The major indices are all in the red on this last trading week of 2025, with Nasdaq leading the way lower.  However, new highs still exceed new lows on the NYSE, which is a good sign.

Seven of the eleven S&P500 sectors are in the red, but nothing crazy. Materials are pulling back, down around 1%, after a great run. Newmont Corporation (NEM), the precious metal miner, is the worst stock in S&P 500 today and it is giving up 5.6%. 

Consumer Discretionary is also getting hit on the heels of Telsa (TSLA), which is down almost 2%.  In corporate news, lululemon athletica (LULU) founder Chip Wilson is starting a proxy battle to change the company's board.  

Some of the heavy hitters are under pressure, including the AI darlings, which are hitting chips stocks. Nvidia (NVDA) is off 3.5%, Broadcom (AVGO) -3.6% and the Philly Semiconductor Index (PHLX) -0.9%.

Four sectors are in the green, with the energy complex up 1%, as oil rises, up 2.2% to $58 a barrel, and utilities gain 0.6%, as investors rotate out of tech and to safe havens. 

There is not much economic data today other than Pending Home Sales, which rose 3.3% versus consensus of 0.9%, the highest read in 3 years, as rates have come down this year and supply hit the market, up 12.6% y/y, but still down historically. Additionally, the prior month was revised higher from 1.9% to 2.4%.  There were gains in all regions.

Year Over Year

• 2.6% increase in pending home sales
• Gains in all four regions