CNBC·2026-01-03 16:14Market Overview - The stock market experienced a mixed performance during the holiday-shortened week, with the Dow and Nasdaq declining by 0.1% and 1.5% respectively, while the S&P 500 fell approximately 1%, marking its third consecutive loss since Monday [1] - The S&P 500 had a strong performance in 2025, advancing over 16%, with the Nasdaq Composite and Dow Jones gaining 20% and 13% respectively, all reaching record highs during the year [1] Federal Reserve Insights - The Federal Reserve's December policy meeting minutes revealed a divided opinion among officials regarding a 25-basis-point rate cut, which was approved by a 9-3 vote, indicating the most dissent since 2019 [1] - The market's reaction to the Fed's decision was muted, with stocks continuing to decline despite the announcement [1] Company Performances Winners - GE Vernova: Increased by 98.7%, benefiting from the AI boom and strong quarterly earnings, with positive guidance through fiscal 2028 [1] - Corning: Rose by 84.3%, driven by strength in consumer electronics and a partnership with Apple, also benefiting from AI-related demand for specialty glass [1] - Alphabet: Gained 65.3%, with improved investor sentiment due to a robust AI roadmap and developments in its large language models [1] Laggards - Salesforce: Decreased by 20.8%, facing challenges from AI adoption that threatens its seat-based business model, leading to a downgrade to a hold-equivalent rating [1] - Nike: Fell by 15.8%, impacted by a decline in the China market and challenges in its direct-to-consumer strategy, despite insider buying signaling confidence [1] - Procter & Gamble: Dropped by 14.5%, affected by macroeconomic uncertainties and fears regarding costs due to changing rates and tariffs, though it remains a hedge against consumer spending pullbacks [1]