Stock market today: Dow rises, S&P 500 and Nasdaq drop as defense stocks surge, tech slides
View original at finance.yahoo.comStock market today: Dow rises, S&P 500 and Nasdaq drop as defense stocks surge, tech slides US stocks moved mostly lower on Thursday, retreating further from all-time highs as investors took in fresh labor market data and grappled with President Trump's salvos on defense and Venezuela…
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Trump wants to boost military spending by 50% to $1.5 trillion a year, funded by proceeds from tariffs
80% confidenceThe jobs market got a positive sign to end a rather gloomy year, with planned layoff announcements hitting their lowest level of 2025 in December
80% confidenceUS oil companies would be reimbursed if they invested in Venezuela
80% confidenceTrump threatened to block share buybacks and dividend payments by US defense majors if they didn't invest in ramping up weapons operations
80% confidenceThe US will lift export restrictions on Nvidia's H200 AI chips in December in exchange for a cut of its revenue
80% confidenceThe US could oversee Venezuela and control its oil revenue for years, potentially indefinitely going forward
80% confidenceH200 sales to China would be materially additive to earnings for NVDA
80% confidenceThe world is set to face a critical copper shortage, driven by a boom in AI and defense spending, with global demand to grow by 50% by 2040
80% confidence