Weekly Stock Market Update | Dow, S&P 500, NASDAQ News – December 09, 2025

The S&P 500 saw little change last week, closing with tepid movement ahead of the Federal Reserve’s rate decision. The index slipped just 0.09% and closed at 6,840.51. On the other hand, the Nasdaq Composite gained slightly, up by 0.13% to end at 23,576.49. The Dow Jones closed the week at 47,560.29, down by 179.03 points, influenced by JPMorgan’s high expense projections for 2026.

The market is now waiting for the Federal Reserve’s interest rate decision, and there’s a growing expectation of a rate cut by a quarter of a percentage point from the central bank. Futures suggest an 87% chance of a rate decrease, up from less than 67% from a month ago.

In stock news, the key gainers included CVS, which saw its stock rise nearly 5% following a positive profit forecast for the following year. Nvidia’s stock also gained on news that the Trump administration could greenlight the company’s powerful H200 chips to China. On the other hand, Netflix saw a drop in its shares by over 3% due to the unforeseen drama surrounding its deal with Warner Bros. Discovery.

The upcoming Federal Reserve meeting will likely shape market sentiment. Market participants expect a cut in interest rates, with concerns about a compromise in the Fed’s independence which could potentially rattle the S&P 500. Other considerations include inflation and employment rates, alongside GDP growth forecasts.

The investors are anticipating the last Federal Reserve meeting of 2025, where Federal Reserve Chair Jerome Powell is expected to announce a 25 basis point rate cut due to weaknesses in the labor market. On the corporate news front, quarterly results from Oracle (ORCL) and Adobe (ADBE), and proceedings from Broadcom (AVGO) and Costco (COST) are awaited.

In the stock market, despite the possible rate cut, the S&P 500 has advanced almost 17% year-to-date, and barring any mishaps, it’s set for a third consecutive year of gains. Two major events, the Fed meeting and earnings reports from Broadcom and Costco, are going to impact the market movement this week.

The US stocks experienced a decline on Monday, with Netflix (NFLX) dropping over 3% due to deal drama between it and Warner Bros. Discovery (WBD), which saw a surge in its stock after Paramount (PSKY) launched a $108 billion hostile bid for the media company. The Dow Jones Industrial Average fell by 0.5%, the S&P 500 fell 0.4%, and the Nasdaq Composite declined by 0.1%. On the flip side, Nvidia’s (NVDA) shares rose following a report that the Trump administration is expected to approve the sale of Nvidia’s more powerful H200 chips to China.

Jay Woods of the New York Stock Exchange highlights key market levels to watch for ahead of Fed’s decision and this week’s earnings. The Fed meeting might significantly influence any year-end market rally. Major earnings reports anticipated are from Oracle, known for its notable artificial intelligence deals with tech giants such as OpenAI and Meta, and retail companies Lululemon and Costco.

Oracle’s stock plummeted by over 40% recently but could recover should the company adequately deal with its current debt concerns. Lululemon, having plunged by more than 52% this year, could see an uptick if positive news follows its earnings results. Costco, on the other hand, is down by 13%, and any positive guidance news could provide some support for the stock.