Major Averages Decline as Markets Enter Final Week of 2025

The major averages had a down day as markets enter the final full trading week of 2025, with investors responding to recent rally attempts and bouts of tech selloff pressure.Last week's mixed performance and rotation suggests investors are beginning to weigh earnings fundamentals more heavily than lofty growth multiples. Treasury yields have moved sideways after recent volatility, and risk appetite seems to be stabilizing, but only tentatively, as incoming economic indicators and central-bank decisions in both the U.S. and Europe remain key catalysts.Gold prices were fractionally higher as the commodity once again reaches for record highs, while oil finished lower.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Intelis in discussions to acquire SambaNova for $1.6B,ServiceNowis close to a $7B deal for Armis,CencoraOneOncology from TPGfor $6BiRobotentered into ato be acquired by PiceaLuminarinitiatedand agreed to sell its photonics business to Quantum Computingfor $110M2. WALL STREET CALLS:Texas Instrumentsto Sell from Buy at Goldman SachsAkamaito Overweight from Underweight at KeyBancAdobeto Underweight at KeyBancServiceNowto Underweight at KeyBancGoldman SachsLas Vegas Sands, Marriottand Hiltonto Buy as the firm adjusted ratings in the gaming and lodging group as part of its 2026 outlook3. AROUND THE WEB:Xeroxis working on a debt financing that would use its IP as collateral,A collaboration between Matteland Microsoft-backedOpenAI won't emerge this year,Nvidiahas told some Chinese clients that it is evaluating adding production capacity for its H200 AI chips after orders exceeded its output levels,TPGhas exited most of its $600M stake in Anastasia Beverly Hills as part of a debt restructuring,U.S. District Judge George Wu in California ruled Live Nationand its subsidiary Ticketmaster must face a class action for allegedly overcharging its customers for events at major venues across the country,4. MOVERS:Kyverna Therapeuticsincreases after announcing data from itsImmunomegains after announcing its RINGSIDE trial metZIMhigher in New York after announcingto vote 'FOR' all eight of the company's director nomineesCritical Metalsfalls afterfrom its 2024 drilling program at the Tanbreez Rare Earth ProjectZillowand CoStarlower as Google5. EARNINGS/GUIDANCE:Quipt Home Medical, with CEO Gregory Crawford commenting, "Our fiscal 2025 performance underscores both the durability of our model and the accelerating momentum"Highway Holdings, with EPS and revenue lower year-over-yearOcean PowerreportedEdesa Biotechreported, with EPS missing consensusEnWave, with EPS and revenue higher year-over-yearINDEXES:The Dow fell 41.49, or 0.09%, to 48,416.56, the Nasdaq lost 137.76, or 0.59%, to 23,057.41, and the S&P 500 declined 10.90, or 0.16%, to 6,816.51.