Stock market today: Live updates
A trader works on the floor of the New York Stock Exchange (NYSE) after the opening bell in New York on Dec. 5, 2025.
Angela Weiss | AFP | Getty Images
The Nasdaq Composite rose on Monday as investors look toward the Federal Reserve meeting later this week.
The tech-heavy Nasdaq advanced 0.3%, while the S&P 500 hovered around the flatline. The Dow Jones Industrial Average underperformed, falling 168 points, or 0.4%.
Oracle shares climbed 2% amid investor optimism ahead of the company’s quarterly results on Wednesday, while Broadcom shares jumped 3% on the heels of The Information reporting that Microsoft is discussing designing custom chips with the chipmaker. Confluent shares surged 29% after IBM said that it’s going to acquire the company in an $11 billion deal — which is expected to close by the middle of 2026.
Monday’s action comes after a second positive week in a row for the three major indexes. The Dow and Nasdaq Composite added 0.5% and 0.9%, respectively, in the week. The S&P 500 added around 0.3% last week, bringing the broad index about 0.7% off its all-time intraday high. The S&P 500 and Nasdaq also notched four-day winning streaks on Friday, while the Dow has been positive in three of the last four sessions.
Stocks received a boost on Friday after the delayed release of September’s core personal consumption expenditures price index came in softer than economists anticipated. That was one of the last major economic releases ahead of the Fed’s policy gathering taking place this week.
Traders have grown increasingly hopeful over recent weeks that the Fed will lower interest rates at the Federal Open Market Committee meeting, which is the final one of the year. Fed funds futures are pricing in a roughly 90% chance of a decrease, up from under 67% a month ago, according to CME’s FedWatch tool.
“Markets are appropriately focused on an interest rate cut or hold coming out of … [the] FOMC meeting,” Eric Freedman, Northern Trust’s chief investment officer for wealth management, wrote to clients. But, “investors are perhaps more interested in dynamics surrounding voting-member outlooks and future Fed leadership.”
