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Happy Thursday. This is TheStreet’s Stock Market Today for Dec. 11, 2025. You can follow the latest updates on the market here in our daily live blog.
Sprinting into midday, the Dow (+1.27%) is putting itself apart from its large cap competition in the Nasdaq (-0.65%) and S&P 500(-0.05%), which are plummeting along with the wider tech sector after Oracle‘s disappointing earnings. Those results have spurred a $100 billion rout in the company’s stock today.
Thankfully, the rest of the Dow is carrying its weight. Virtually every non-tech stock — bar Coca-Cola (-1.73%), which announced a new CEO yesterday after the market close — is in the green today. Here’s the heat map from FinViz:
If this trend were to continue, the Dow and Russell would stand a good chance of catching up with the S&P 500, which is up 17.3% year-to-date. The Dow and Russell are up 14.9% and 15.9% YTD, barely lagging the large cap index. Catching the Nasdaq Composite? Well, that’ll be a little harder — it’s up 21.9%.
Speaking of the S&P 500 though, there’s maybe a case that the ‘rise of the rest’ might finally be taking place. The equal weight ETF — $RSP — is running the base index today, up 0.8%. With tech now weighing on the index, maybe the ‘vibes’ have switched.
Zooming out from the indexes, 61% (3,388) of U.S. issues are in the green today. That brings us to our hallmark midday franchise: the midday movers, where we take a look at the top and bottom 20 stocks everyday to ID trends or happenings in the markets.
Here’s what is up today:
Today, Planet Labs PBC (+34.5%) is soaring after reporting earnings, keeping up a recent trend of strength from space stocks.
It’s joined by Rhythm Pharmaceuticals (+14.2%), which reported quality results from a phase 2 study of a rare disease.
Rounding out the top three, Perpetua Resources (+12.8%) is jumping after announcing Tuesday that it would advance on a ‘critical mineral’ pilot plant in Idaho.
Also notable, Vail Resorts (+8.4%), which reported healthy earnings yesterday.
Here’s the rest of the list:
At the bottom of the market, Wave Life Sciences (-16.5%) is coming down from five-year highs, spurred by solid interim data from a study of its a drug candidate which it purports will target fat, but not muscle. The company priced a $350 million public offering on Tuesday, spurring the recent selloff.
Oracle (-13%), arguably the story of the day, isn’t far behind. The company reported higher AI costs in its Wednesday P.M. earnings, missing revenue expectations in the process. Traders are calling the company’s bluff on the nearly half-a-trillion dollars in RPO backlog; pushing up the company’s CDS, while hammering the broader tech sector.
Rounding out the top three, Polestar Automotive (-11.2%) hit a new record low — yikes — after a recent reverse stock split. The news comes after the company reported what the company’s CFO called “clearly disappointing” earnings last month.
Also notable in the list: Robinhood Markets (-8.4%) is declining after publishing its November trading volumes. Equity trading volumes declined 37%, while options volumes fell 28%. Crypto volumes also faced pressure.
Here’s the bottom 20 today:
The U.S. markets are now open. The Dow (+0.40%) is leading the pack this morning, trailed by a Russell 2000 (+0.20%) fresh off intraday highs and a record close.
At the same time, the more diversified large cap indexes like the S&P 500 (-0.36%) and Nasdaq (-0.71%) are in decline this morning. Leading the charge lower is Oracle (-14.8%), which ignited fresh fears about the staying power of the AI boom in its after hour earnings report yesterday.
Oracle Credit Default Swaps (CDS) surged 139 basis points, while its $100 billion rout weighed on the rest of the tech sector this morning.
Zooming out, U.S. jobless claims rose by 44,000 in the latest week, hitting 213,000. However, the continuing benefits fell by 99,000, coming in at 1.84 million, the lowest level since Apr. 2025.
In continuous futures, Silver (+3.39%) is on a run again today after smashing through the $60 point. This morning, it’s up another $2 to $63.11. Gold (+0.93% to $4,263) is also joining it to the upside. Meanwhile, energy commodities like Natural Gas (-5.18% to $4.357) and Brent Crude (-1.96% to $60.99) are in decline.
Also notable, U.S. Treasury yields have dropped a bit across the yield curve, reflecting optimism about the Fed’s commentary yesterday. Here’s a look at today (blue) vs. yesterday (red):
Finally, after the Fed’s quarter-point cut, the U.S. Dollar Index hit a seven-week low at 98.46.
Good morning. Much attention has been paid to the guesswork in the Fed’s December policy meeting, but now that it’s in the rear view and we have a quarter-point cut in hand, the estimation is that the central bank was more dovish than originally thought — and even bullish in some ways.
That revelation is paying off this morning as U.S. equities futures are split. The Russell 2000 and Dow are up, while the S&P 500 and Nasdaq are in ‘sell the news’ mode. Yields also fell.
Here’s what is on deck for today’s trading day:
This morning’s largest reports come from Ciena Corporation and Manchester United, but if you want a stock that will define the day — and perhaps the week — you might want to hold out until Broadcom reports after the market close. It’ll be joined by Costco and lululemon, among others. Here are today’s earnings with a market cap of at least $1 billion:
This morning, we have exports and imports data, plus the latest jobless claims in the U.S. economy. Here’s an updated graphic (9:41 a.m.) of today’s events, plus what remains:
