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US markets end mostly in red on Wednesday
Jan-08-2026

The US markets ended mostly lower on Wednesday. The choppy trading on Wall Street came as traders booked their profits after Dow and S&P 500 hit all-time highs on Tuesday. Traders were cautious after new orders for U.S. manufactured goods decreased by slightly more than expected in the month of October. Factory orders slumped by 1.3 percent in October after rising by 0.2 percent in September. The street had expected factory orders to slide by 1.2 percent. Investors overlooked the report that U.S. services Purchasing Managers' Index (PMI) climbed to 54.4 in December from 52.6 in November, with a reading above 50 indicating growth. The street had expected the index to edge down to 52.3.

On the sectoral front, defense stocks remained in limelight after President Donald Trump said he would not allow defense companies to buy back their own stocks, offer executives large salaries and issue dividends to shareholders, singling out one of America’s largest missile manufacturers as his biggest target.

Dow Jones Industrial Average declined 466 points or 0.94 percent to 48,996.08, S&P 500 fell 23.89 points or 0.34 percent to 6,920.93, while Nasdaq rose 37.10 points or 0.16 percent to 23,584.28.

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