Markets News, Dec. 12, 2025: Major Indexes Close Sharply Lower as AI Bubble Fears Batter Tech Stocks; S&P 500, Dow Retreat From Record Highs

Major stock indexes fell Friday as technology shares remained under pressure on AI bubble fears. The tech-heavy Nasdaq sank, and the S&P 500 and Dow Jones Industrial Average pulled back from records.
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Dow Jones Top Company Headlines at 5 AM ET: Baidu Revenue Falls on Weak Advertising Demand, Posts Loss on Impairment | AkzoNobel,

The Chinese search-engine giant reported lower revenue as advertising demand remained weak, and swung to a quarterly loss, hit by an impairment charge. AkzoNobel, Axalta to Form $17 Billion Paints ...

Baidu Shares Rise as It Assesses Chip Unit Spinoff

Baidu shares rose after the company said it is considering spinning off its AI chip unit. The Beijing-based company is assessing a possible spinoff and listing for Kunlunxin (Beijing) Technology, ...