By Reuters
Publication Date: 2025-12-12 16:41:00
Wall Street’s major indexes closed lower on Friday, and investors left technology for other sectors as Broadcom and Oracle fueled concerns about an AI bubble and rising U.S. Treasury yields added pressure after some policymakers spoke out against easing monetary policy.
The Dow Jones Industrial Average tumbled 245 points, or 0.5%, to 48,458. The S&P 500 dropped 1.1%, and the Nasdaq lost almost 400 points, or 1.7%.
The blue-chip index had risen nearly 200 points to 48,886, a new all-time intraday record.
Treasury yields rose after a group of policymakers who voted against the Fed’s interest rate cut this week said they are worried that inflation remains too high to warrant lower borrowing costs.
Broadcom shares fell 11% after the chipmaker warned of slimmer future margins, causing renewed concerns about the profitability of surging AI…
