Chip Stocks Rally While Nasdaq Declines Amid Mixed Market Performance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 03 2026
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Source: NASDAQ.COM
- Mixed Market Performance: The S&P 500 rose by 0.19% and the Dow Jones Industrial Average increased by 0.66%, while the Nasdaq 100 fell by 0.17%, indicating a recovery driven by chipmakers and AI infrastructure stocks, yet overall gains were limited.
- Rising Bond Yields: The 10-year T-note yield climbed to 4.19%, a 1.5-week high, putting pressure on stocks and reflecting market concerns over future inflation expectations, which could impact investor confidence.
- European Market Support: European stocks performed strongly with the Euro Stoxx 50 reaching a record high, closing up 1.02%, providing carryover support to US equity markets and demonstrating the interconnectedness of global markets.
- Tech Stock Volatility: Tesla reported Q4 vehicle deliveries of 418,227, below the consensus of 440,907, leading to a decline of over 2% in its stock price, highlighting the uncertainty surrounding large-cap tech stocks in the market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
