Wall Street Ends Mixed as Tech Stocks Fall, Defense Shares Rise
Executive Summary
Key insights and market outlook
US stock markets closed mixed on Thursday, January 8, 2026, as tech stocks declined while defense shares surged. The S&P 500 rose 0.01% to 6,921.45, while Nasdaq fell 0.44% to 23,480.02 and Dow Jones Industrial Average gained 0.55% to 49,266.11. The mixed performance followed Nvidia's decline and a call by US President Donald Trump to increase military spending to $1.5 trillion.
Deep Dive Analysis
Wall Street Closes Mixed as Tech Stocks Decline
Market Performance Overview
The major US stock indices closed with mixed results on Thursday, January 8, 2026. The S&P 500 index ended slightly higher by 0.01% at 6,921.45. In contrast, the Nasdaq Composite experienced a decline of 0.44%, settling at 23,480.02. Meanwhile, the Dow Jones Industrial Average showed stronger performance with a gain of 0.55%, reaching 49,266.11.
Sector Performance
The technology sector witnessed a downturn, with Nvidia being a notable laggard, contributing to the Nasdaq's decline. Conversely, defense stocks saw a significant boost after US President Donald Trump called for a substantial increase in military spending to $1.5 trillion. This announcement provided a tailwind for defense-related companies, contributing to the Dow's positive performance.
Trading Activity
The trading volume on US exchanges amounted to 16.9 billion shares, slightly above the 20-day average of 16.3 billion shares. This indicates a relatively active trading session amid the mixed market performance.
Source References
Story Info
Topics Covered
Key Events
Tech Stocks Decline
Defense Stocks Surge
US President's Military Spending Call